Global shares end extraordinary week at new highs as investors bet on Biden

With strong gains in Europe and US stocks reaching at new records, investors hailed the clean-sweep political control of Congress by President-elect Joe Biden amid the Washington assault by a mob on the Capitol.

Fri, 08 Jan, 2021 - 20:15

Eamon Quinn

Global shares ended an extraordinary week, with strong gains in Europe and US stocks reaching at new records as investors hailed the clean-sweep political control of Congress by President-elect Joe Biden amid the Washington assault by a mob on the Capitol.

The potential of more stimulus funds from the new Biden administration for the US economy which is among the most battered in the world from the flare-up in Covid-19 crisis helped buoy shares across the world despite the worsening economic toll from the pandemic.