European stock market rises in anticipation of stimulus after Biden took office

Major European stock markets rose all at once in anticipation of stimulus measures after the inauguration of US President Joe Biden on the 20th (local time).

On that day, the DAX 30 index of the Frankfurt Stock Exchange in Germany closed at 13,921.37, up 0.77% from the closing price of the previous trading day.

The UK London stock market’s FTSE 100 index rose 0.41% to 6,740.39, while Paris France’s CAC 40 index rose 0.53% to 5,628.44.

The Euro Stoxx 50 index, a pan-European index, rose 0.80% to close at 3,624.04.

The mayor said that the Donald Trump administration, which was the worst ever turbulent in history, will come to an end, and Joe Biden will be inaugurated as the 46th President of the United States, uniting the divided nation, and launching a new fight against the novel coronavirus infection (Corona 19). Cheers in anticipation.

“We know that the new US administration has ambitious plans to counter the pandemic and the resulting economic strike,” said mayor analyst Craig Allam Oanda to AFP.

U.S. Treasury secretary-nominee Janet Yellen asked for an investment package of $1.9 trillion (2,537 trillion won) prepared by Biden’s new administration to pass at a confirmation hearing the previous day.

/yunhap news

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