Trading began on Monday in major Western European stock markets, according to MTI.
Markets seemed reassured that it became clear this weekend that Joe Biden would be the 46th president of the United States.
The main indicators of the London Stock Exchange, the FTSE-100 index 1.05, the Frankfurt DAX index 1.86, the Paris CAC-40 1.53, the Milan FTSE MIB 1.57 and the Madrid IBEX 35 index 1.52 opened the week by a percentage plus. Among euro area companies ’aggregation indices, EuroStoxx50 started the day up 1.49 percent.
Leading stock market indices rose sharply in Asia-Pacific as well, thanks to weekend U.S. election news. The index measuring the exchange rate of Asian stock markets (MSCI Asia ex Japan), calculated by Morgan Stanley Capital International, excluding Japan, stood at a daily high of 615.15, a nearly three-year high.
In Tokyo, the Nikkei index of 225 selected stocks closed at 2.12 percent, up 24,839.84 points, another 29-year high. The leading stock market index finished trading at 1.86 per cent in Shanghai, 2.19 per cent in Shenzhen and 1.14 per cent in Hong Kong. The CSI-300 index of the 300 largest companies listed in Shanghai and Shenzhen rose 2.0 percent to 4981.35 points, closing at a more than five-year high.
A Guardian according to the MSCI World Index, which aggregates data from 49 countries, also peaked thanks to the rises: rising 0.5 percent to 595.98 on Monday morning.
They added that depending on the future results of Wall Street, the world index could rise even further.
The euro was quoted at $ 1.1892 on the international interbank foreign exchange market at nine o’clock on Monday morning, a 0.17 per cent appreciation of the single European currency compared to Friday’s closing.
Leading Western European stock market indices still closed predominantly in small deficits on Friday.
(Cover photo by Joe Biden and his wife, Jill, November 7, 2020. Photo: Jim Bourg / Reuters)