Positive sentiment still dominated the market until the start of the European session although major currency trading showed a slight decline as investors awaited the release of US economic data tonight and the minutes of the FOMC meeting early Thursday morning.
European stocks opened higher following a surge in the Dow Jones index to 30,000 for the first time in history in a previous session after President Donald Trump gave permission for the beginning of Joe Biden's transition to White House.
Not only that, but reports on the nomination of former Federal Reserve (Fed) Chairman Janet Yellen as Treasury Secretary were also welcomed by the market.
After Pfizer, now, a Chinese-developed vaccine, Sinopharm reportedly has applied for official approval from the authorities to bring the Covid-19 vaccine to market.
Earlier, the company said it had submitted clinical data for the third phase of the vaccine to the Chinese Food and Drug Administration and was in the process of providing more detailed data.
The euro depreciated slightly after jumping to 1.1930 against the US dollar while market focus is now on the publication of FOMC minutes.
Moreover, pound trading still maintained consolidation even after EU Commission President Ursula von der Leyen made a vague statement on whether the Brexit deal could be reached this week.
The Aussie doalr slipped to a two-month high and the kiwi dollar slipped to a 2-and-a-half-year high at the start of the European session.
