Europe rises premarket as Biden wins presidential race9 Nov 2020 06:44
Shares on the major European stock market indexes jumped in the premarket ahead of the week's first trading session after the major networks announced that Joe Biden has won the presidential elections in the United States. The Democrat is on his way to become the 46th president of the US, while reports emerged claiming that sitting President Donald Trump plans to contest the results through legal action.
The investors will also keep an eye on the data to be revealed later in the day, as Germany is scheduled to publish its report on the country's trade balance before Monday session's opening bell, while the Eurozone Sentix investor confidence index figure will come out after the session's start.
The Dax jumped 1.66% or 206 points at 7:22 am CET, while the FTSE 100 followed suit, gaining 1.25% at the same time. A minute later, the euro advanced slightly against the dollar, rising 0.07% to sell for 1.18871, while the pound strengthened 0.18% versus the greenback, changing hands at 1.31758.
Breaking the News / BU
Yehaa the FTSE is up 1.25%