displayed on a television screen as traders work at the stock
exchange in Frankfurt am Main, western Germany, on November 4,
2020. .Frank Rumpenhorst / dpa / AFP
European stock markets shot higher at the start of
trading on Monday after Joe Biden won the US presidential
election.
London’s benchmark FTSE 100 index jumped 1.5 percent to 5,997.28
points following strong gains across Asia overnight.
In the eurozone, Frankfurt’s DAX 30 rallied 1.7 percent to
12,697.15 points and the Paris CAC 40 climbed 1.5 percent to
5,032.68.
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“It is the first opportunity for markets to react to the Biden
news from the weekend and the early signs are promising,” noted
Richard Hunter, head of markets at Interactive Investor.
“Asian markets had a brisk and positive session on hopes of a
less fractious relationship between the US and China in the
immediate future.”
Democrat Biden has received nearly 74.6 million votes to Donald
Trump’s 70.4 million nationwide and has a 279-214 lead in the
Electoral College that determines the president.
-AFP
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