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.
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