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

Published 11/09/2020, 01:52 AM
Updated 11/09/2020, 01:55 AM
© Reuters. The German share price index DAX graph at the stock exchange in Frankfurt
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(Reuters) - 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 (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 U.S. S&P 500 index jumped 1.4%.

© Reuters. The German share price index DAX graph at the stock exchange in Frankfurt

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

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