Wall Street soared higher, with the tech-heavy Nasdaq jumping 4 percent, as both President Donald Trump and Democratic challenger Joe Biden still had a path of victory with a handful of states still up for grabs.
The euro was down less than a tenth of a percent versus the dollar, while oil prices surged over 2 percent.The US election was plunged into chaos early Wednesday as Trump prematurely declared victory and sought Supreme Court intervention to stop vote-counting -- even as Democratic rival Biden voiced confidence in his own chances.
In a divisive election cast under the shadow of the coronavirus pandemic that has claimed more than 230,000 lives in the United States, Trump appeared to have avoided a Democratic wave predicted by some polls but he still needs key states to secure another four-year term. Biden's campaign slammed Trump's threat to try to stop the election vote count as"outrageous", saying its legal team was ready to prevent such an"unprecedented" act.Before Wednesday's shock turn of events, world equities had rallied this week as traders piled bets on Biden winning, with opinion polls showing him with a big national lead though with slim advantages in battleground states.