Article 59WXD Stock markets soar as City traders anticipate Joe Biden win

Stock markets soar as City traders anticipate Joe Biden win

by
Larry Elliott Economics editor
from on (#59WXD)

Markets rally across Asia and Europe as analysts expect Democrats to triumph

Share prices in the City registered their biggest daily gain in two months amid investor hopes that a Joe Biden victory in the US presidential election would result in a major new stimulus package.

London's leading stock market index, the FTSE 100, closed up by 131 points, or 2.33%, at 5786 as the gloomy mood of last week faded.

Related: Markets plunge in uncertainty about a second term and a second wave

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