Markets react positively to election news
Posted by siteadmin on Thursday 12th of November 2020.
Global stocks responded positively to the prospect of a Biden presidency, after days of uncertainty. On Monday, the FTSE 100 topped the 6,000 mark for the first time in a month and had its best day since March, adding £70bn to its value. Both the Dow Jones and the S&P 500 reached intraday all-time highs and shares in Japan hit a 29-year high. Stocks experienced a more modest rally on Tuesday, investor caution capped gains, with tech shares remaining under pressure.
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