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European stock futures jump as Biden wins U.S. presidency

Reuters | Washington DC | Updated: 09-11-2020 12:23 IST | Created: 09-11-2020 12:17 IST
European stock futures jump as Biden wins U.S. presidency
Democratic US Presidential nominee Joe Biden Image Credit: ANI

European stock index futures jumped to a three-week high on Monday as a victory for U.S. President-elect Joe Biden in the election raised hopes of better trade ties between Washington and Europe.

Stoxx 50 futures were up 1.5% by 0640 GMT, while German DAX futures and London's FTSE futures gained 1.6% and 1.3%, respectively. Japan's Nikkei share average reached a high last seen almost three decades ago, while futures tracking the U.S. S&P 500 index jumped 1.4%.

The pan-European STOXX 600 had jumped 7% last week, ending Friday with one of its best weeks this year.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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