US stocks hit all-time high but FTSE 100 lags behind peers

City A.M. | Nov 27, 2020 at 4:18 PM
  • US stock markets hit fresh all-time highs despite the thin post-thanksgiving trading, while the FTSE 100 lagged behind amid worries about Brexit and the economy.
  • Drug companies Moderna, Pfizer and Biontech lit a fire under equities this month by announcing that their coronavirus vaccines are more than 90 per cent effective.
  • Despite the focus on the reflation trade, all three US indices continue to hit all-time highs.