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Europe close: Positive vaccine news props up stocks
European stocks bounded back on Friday, driven by positive news-flow around efforts to develop a Covid-19 vaccine, upbeat corporate earnings in the luxury sector, and a rebound overnight on Wall Street.
Brexit will hit UK firms harder than those from the EU, IFO says
Brexit will have a pronounced impact on Germany, but the hit to the UK will be especially hard, Germany's most prestigious economic research institute said.
Pfizer and BioNTech Covid-19 vaccine may be ready by late November
Pfizer and BioNTech's Covid-19 vaccine candidate could be ready for use by the end of November, the boss of the former company, Albert Bourla, said.
Week ahead: China data, global manufacturing in focus
Investors focus over the coming week will be split between Asia and a raft of surveys on global manufacturing sector conditions.
US consumer confidence rises in October, University of Michigan says
The American consumer grew a bit more confidence in October, the results of the most closely followed gauge for confidence across the country revealed.
US industrial output surprises to the downside in September
Industrial output in the US missed economists' forecasts by a mile in September amid a slump in output of automobiles and computers.
US retail sales bound past forecasts in September
Americans continued to splash out at pace last month, despite the slowdown in hiring and a rebound in Covid-19 infections in many states.
Jupiter Fund Management posts 42% jump in Q3 AuM
Jupiter Fund Management posted a bigger than expected rise in the amount of funds that it was charged with supervising during the third quarter, thanks to stronger than anticipated market returns both in its legacy business and at recently acquired Merian Global Investors.