London — Global shares flatlined on Friday as rising US and European Covid-19 hospitalisations tempered the euphoria over a promising vaccine, though Wall Street looked set for a firmer open on news president-elect Joe Biden was set to cement his election win.

US futures rose 0.5% by 8.30am GMT after Edison Research projected Biden to capture the battleground state of Arizona, further weakening President Donald Trump’s efforts to overturn the results of the November 3 election...

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