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London FTSE 100 rose 0.5% as energy stocks gained after a compromise between OPEC+ members to continue some production cuts. [O/R] [MET/L] [IRONORE/]
The pan-European STOXX 600 index was up 0.2%, while Germany’s DAX underperformed and was trading flat.
Shares of Germany’s BioNtech slid 4.4% after Pfizer said supply chain obstacles forced it to slash the 2020 production target of its COVID-19 vaccine developed with BioNtech by half.
Meanwhile, data showed German industrial orders rose more than expected on the month in October, raising hopes the manufacturing sector in Europe’s biggest economy started the fourth quarter on a solid footing.
