Get all your news in one place.
100's of premium titles.
One app.
Start reading
Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

European Stock Futures Jump as Biden Wins US Presidency

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 6, 2020. REUTERS/Staff

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

Stoxx 50 futures STXEc1 were up 1.5% by 0640 GMT, while German DAX futures FDXc1 and London's FTSE futures FFIc1 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 US S&P 500 index EScv1 jumped 1.4%.

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

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.