Asian, European shares edge higher

Gulf Today Report 

Asian shares recorded gains on Monday due to hope of successful coronavirus vaccine rollout globally leading to rapid economic recovery. 

MSCI's broadest index of Asia-Pacific shares outside Japan jumped 0.6% to 738.23, with all major indexes in the green.

Japan's Nikkei climbed 1.9%, reclaiming the 30,000 point level for the first time in over three decades. 

China and Hong Kong markets are shut for the Lunar New Year holiday. 

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European shares 

London's FTSE 100 advanced on Monday due to gains in mining and energy stocks and investors hope for economic recovery. 

The commodity-heavy FTSE 100 was up 1.3% by 09:11 GMT, boosted by miners Anglo American, Rio Tinto and BHP Group and oil producers BP and Royal Dutch Shell.

Russ Mould, investment director at AJ Bell said "government attempts to manage expectations on COVID-19 better are helpful to the market which is now probably pleasantly surprised at just how quickly the UK has vaccinated the most vulnerable sections of its population."