Up 2% on Wednesday, the Stoxx Europe 600 SXXP, +0.87% rose 1%. The French CAC 40 PX1, +1.07% led the national indexes with a 1.3% advance.
Former Vice President Joe Biden is leading in the Associated Press electoral college count, needing only Georgia, North Carolina or Pennsylvania to defeat President Donald Trump. At the same time, the AP tally on the U.S. Senate is deadlocked at 48. The comment from Sen. Majority Leader Mitch McConnell of a possible stimulus deal by the end of the calendar year also helped financial markets.
The Bank of England meanwhile extended the size of its quantitative easing program by £150 billion as it forecasts the U.K. economy to contract in the fourth quarter. England’s new one-month lockdown starts Thursday.
I've never imagined that second wave of Covid can be so bullish!
But our 401ks....
horrible