REUTERS: Global stocks rallied on Thursday while the dollar took a back seat as Joe Biden inched towards taking the White House following victories in Michigan and Wisconsin, although the Democrats looked unlikely to secure a Senate majority.
Markets were trying to gauge the fallout from a split government, and expectations rose that a policy gridlock that would prevent greater regulation and limit fiscal stimulus could also force the hand of the US Federal Reserve.Each of Wall Street's three major indexes were higher for a fourth straight day on Thursday while stocks in Europe followed Asian bourses to clock healthy gains.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: