Stock markets soar as City traders anticipate Joe Biden win

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Market rallies across Asia and Europe as analysts expect Democrats to triumph and further Bank of England stimulus

Share prices in the City were on course for their biggest daily gain in two months amid investor hopes that a Joe Biden victory in the US presidential election would result in a major new stimulus package.

London’s leading stock market index – the FTSE 100 – was up more than 100 points in early trading as the gloomy mood of last week faded.

Related: Markets plunge in uncertainty about a second term and a second wave

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