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Travel & leisure stocks outperform following full FDA vaccine approval By Investing.com


© Reuters.

By Samuel Indyk

Investing.com – Travel and leisure stocks were outperforming in the UK on Tuesday after the US Food and Drug Administration (FDA) fully approved Pfizer (NYSE:) and BioNTech’s (NASDAQ:) Covid vaccination. It is the first jab to be fully licenced after previously receiving Emergency Use Authorization (EUA).

Full approval

Approval of the vaccine is expected to lead to greater take-up amongst US citizens. A recent survey by the Kaiser Family Foundation found that 31% of unvaccinated people said they were more likely to get vaccinated if the FDA gave full approval to vaccines, according to Bloomberg News.

Separately, many companies and organisations are expected to introduce vaccine mandates. The US military set this off, saying they would require all 1.3 million active-duty troops to get vaccinated.

Travel & Leisure shares jump

Shares in stocks jumped following the news. Cineworld (LON:) – which has operations in the

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Inflation Woes, Travel Stocks Drag Europe Shares Lower | Investing News

(Reuters) – European shares slipped from record highs on Wednesday as global investor mood soured on signs of increasing inflationary pressure, while travel stocks dropped on worries over the Delta variant’s spread in the continent.

The pan-European STOXX 600 index fell 0.3% after hitting a record high in the previous session.

Travel & leisure slid 0.8%, with TUI shedding 2.9% on reports that the world’s largest holiday company had cancelled more holidays until August.

UK’s FTSE 100 dropped 0.4% on a stronger pound after data showed British inflation jumped to 2.5% in June, further above the Bank of England’s target and hitting its highest since August 2018.

“The creeping UK headline inflation rate is likely to add to the sense of unease pervading the financial markets about the impact higher prices will have on economies around the world,” said Susannah Streeter, a senior investment and markets analyst at Hargreaves Lansdown.

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Adidas, Telecoms Help European Stocks Eke Out Gains | Investing News

By Sruthi Shankar and Devik Jain

(Reuters) – Europe’s main index hovered near pre-pandemic highs on Wednesday, as a rise in shares of Adidas after an upbeat sales forecast and gains in telecoms stocks outweighed losses in mining and travel sectors.

The pan-European STOXX 600 index edged 0.2% higher after a rally in technology stocks on Tuesday pushed the benchmark to its highest level since February 2020.

Miners, retailers, and travel and leisure companies led the declines in Europe, while telecoms jumped 1.0%.

German sportswear maker Adidas AG jumped 3.4% after it forecast a strong rebound in sales in 2021, particularly in China, the rest of Asia and Latin America following fourth-quarter results.

European markets recorded a strong start to March, with the German DAX hitting an all-time high as investors snapped up so-called cyclical stocks like banks and oil firms on hopes of a strong economic rebound from the

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Georgia Vote Impacts Cannabis Stocks

In this episode of MarketFoolery, host Chris Hill is joined by Motley Fool analyst Bill Barker to discuss how the Senate elections in Georgia send ripple effects to the market, as cannabis and solar stocks pop. Walgreens (NASDAQ:WBA) sells its drug distribution business to AmerisourceBergen (NYSE:ABC) in a cash and stock deal worth $6.5 billion. Wyndham Destinations (NYSE:WYND) buys Travel & Leisure magazine from Meredith Corporation (NYSE:MDP), and announces a new corporate name and ticker symbol. Bill analyzes those stories and considers which ambassador post he would prefer under a Mann administration.

To catch full episodes of all The Motley Fool’s free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.

This video was recorded on January 6, 2021.

Chris Hill: It’s

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