Global equities take heart from Biden win
World stocks hit a record high as the expectation of better global trade ties under US president-elect Joe Biden supports risk appetite
09 November 2020 - 11:33
Milan/Sydney — World stocks hit a record high on Monday and the dollar stayed weak as the expectation of better global trade ties and more monetary stimulus under US president-elect Joe Biden supported risk appetite.
Markets started to trade on the prospect of a Biden presidency and a Republican-controlled US Senate last week, but the Democratic candidate’s projected victory on Saturday gave more fuel to the move...
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