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European Stock Markets Open Higher After Biden Win

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On Monday, European stock markets shot higher at the start of trading 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.

Richard Hunter, head of markets at Interactive Investor said reacting to the European Stock Markets

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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,” 

“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.

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