The German DAX DAX, +1.85%, French CAC 40 PX1, +1.59% and U.K. FTSE 100 UKX, +1.45% all advanced.
It was the market’s first opportunity to react to the news that Biden topped the necessary 270 Electoral College votes, according to the tallies from the Associated Press and other major media outlets. President Donald Trump has not conceded, but has yet to mount a legal challenge that analysts think has any likelihood of succeeding. The Biden administration is likely to take place with a Republican-controlled Senate, unless Democrats can win two run-off elections in the state of Georgia.
Analysts said Biden’s victory may also help make a European Union-U.K. trade deal more likely. “After all, Biden’s strong Irish links mean that any potential issues stemming from a no deal Brexit would likely significantly dent hopes of any US-UK free-trade agreement,” said Paul Hollingsworth, an economist at BNP Paribas.
You mean after GOP will likely keep Senate?
So...last week the outcome was unknown, the market went up - this week the outcome is unknown, the market went up - and by the way Biden says he won without the electoral college making a call
That includes Ireland $NBRV
When is the USD comeback?
Thanks to realDonaldTrump
So the stock market was not linked to Trump.... hmmm... tell me more about this anomaly
wow