Global markets at record highs after Dow hits 30,000 – business live

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7.51am GMT

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Global stock markets have rallied to new all-time highs as investors anticipate a smooth presidential transition in the US, and effective vaccine rollouts in the coming months.

“With the economic data improving, a vaccine on the way, and Biden-led push for more stimulus on the horizon, there are plenty of reasons to be optimistic for the months ahead.”

Related: Stock market rally pushes Dow Jones to record high of 30,000

European Opening Calls:#FTSE 6446 +0.22%#DAX 13288 -0.04%#CAC 5569 +0.19%#AEX 607 -0.05%#MIB 22120 -0.11%#IBEX 8163 +0.24%#OMX 1936 -0.11%#STOXX 3509 +0.02%#IGOpeningCall

A consistent barrage of positive news flow about vaccines, a failure for high frequency/real-time data to be dramatically impacted by the COVID restrictions, and a positive vibe towards Janet Yellen’s appointment as UST Secretary are all contributing towards the flow.

A smooth transition of power towards the Biden administration is also a catalyst.

Related: Wednesday briefing: Sunak’s difficult second mini-budget

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