Investors breathed a sigh of relief as world markets climbed after Democrat Joe Biden was elected the United States president.
Germany’s DAX went up nearly two per cent to 12,724.48, France’s CAC 40 rose 1.7 per cent in early trading to 5,045.70.
Britain’s FTSE 100 gained 1.3 per cent to 5,987.32, and U.S. shares also went up, with Dow futures up 1.2 per cent and S&P 500 soaring up to 1.4 per cent.
Naeem Aslam, the chief market analyst at AvaTrade, said, “Looking at the U.S. and European futures, one thing is pretty much clear, that traders are very much pleased with the president-elect, Joe Biden. For them, this means less uncertainty, less turmoil in terms of foreign relations, and reversal of some futile policies which were put by the Trump administration.”
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