Stocks in International Markets Started Strongly This Week

Stocks in International Markets Started Strongly This Week Stocks in international markets started strongly this week with the election of Biden. The MSCI All-Country World Index saw the summit. Global stock markets are on the rise with optimism about the rule of Joe Biden, who won the presidential election in the United States. Dollar widened its depreciation. The MSCI All-Country World Index rose to the highest level in intraday trading. Risk appetite in the markets continued on Monday after Joe Biden declared his weekend victory. Futures on the S&P 500 Index rose 1.5 percent, while the underlying index had its strongest week since April the previous week. Technology-weighted Nasdaq 100 Index futures rose 2 percent. Widespread appreciation was seen in the Asia Pacific region as well. Yuan and euro appreciated along with the Australian and New Zealand dollars. Oil recovered part of its loss Friday, while U.S. Treasury bonds fell. In his victory speech, Biden pledged to take quick measures to combat the coronavirus epidemic. As global stocks approach their all-time high close, investors will likely focus their full attention on developments towards the global economic recovery. In the coronavirus epidemic all over the world, the number of cases has exceeded 50 million. In the USA, which was most affected by the epidemic, the number of cases was recorded over 126 thousand on the third consecutive day. While the total number of cases in the USA approaches 10 million, it does not signal a slowdown.