Europe: Stocks climb at open on US election day

[LONDON] Europe's major stock markets advanced Tuesday at the open, after solid gains overnight, with all eyes on the US presidential election as Americans prepared to head to the polls.

In initial deals, London's benchmark FTSE 100 rose 1.1 per cent to 5,715.53 points, the Paris CAC 40 added 0.9 per cent to 4,734.09 and Frankfurt's DAX 30 was up 0.6 per cent at 11,860.97. "Today, the economic calendar is relatively quiet in the UK and eurozone, with events on the other side of the Atlantic expected to drive sentiment as attention switches firmly to election day," said City Index analyst Fiona Cincotta.

"Investors are bracing themselves for plenty of market moving headlines later tonight which is expected to bring significant volatility," she added. Asian markets extended gains Tuesday as Americans readied to vote in one of the most keenly watched elections ever, with traders betting on a Democratic sweep of the White House and Congress that would likely see a huge new economic stimulus package agreed.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Europe: London stocks down after second coronavirus lockdown[LONDON] Europe's major stock markets were hesitant in opening deals on Monday after Britain became the region's latest nation to announce a second coronavirus lockdown just ahead of the US election. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Europe: Rebound in factory output lifts stocks after selloff last week[BENGALURU] European stocks started November trading on a strong footing as a rebound in factory activity around the world outweighed worries over a resurgence in Covid-19 cases that is driving major economies in the continent back into a lockdown. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »