Global stocks mostly rise with Biden stimulus in focus

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Global equity markets mostly advanced Thursday as anticipation for Joe Biden’s plan for substantial new stimulus offset worries about tightening coronavirus restrictions in some markets.

US indices finished lower following a choppy session. Still, equity markets remain near all-time highs as investors look ahead to a better 2021 economy thanks to coronavirus vaccines.

In Europe, the London stock market closed with a gain of 0.8 percent while Frankfurt rose by 0.4 percent and Paris added 0.3 percent. “Investors hoping that the president-elect will move quickly and in substantial form to secure a new package that will bolster the US economy as the vaccine program moves into a higher gear,” he added.

 

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Global stocks rise with Biden stimulus in focus
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