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European stock exchanges were on the rise as market participants did not pay much attention to the increase in Covid-19 cases. This was followed by an increase on Wall Street.
Oil prices increased, with traders hoping that OPEC planned increases in production could be postponed with the Allies.
“We are seeing encouraging growth – but I’m not excited yet,” said Craig Erlam, an Oanda analyst.
He added that “there are so many high-risk events in the next few days” and added that a controversial US election result would be “the worst possible outcome”.
In the US, a meeting of the Federal Reserve System (FRS) and the publication of an October employment report are also expected this week.
In public opinion polls, Joe Biden dominates Donald Trump, but political analysts believe Trump’s victory is still possible and the final outcome of the election may not be known even on Wednesday.
The Dow Jones Industrial Average rose 1.6% to 26,925.05 points on Monday, the Standard & Poor’s 500 rose 1.2% to 3,310.24, and the Nasdaq Composite rose 0.4% to 10,957.61 points.
The London Stock Exchange index FTSE 100 rose 1.4% to 5654.97 points on Monday, the Frankfurt stock exchange index DAX 30 rose 2.0% to 11,788.28 points, while the Paris stock exchange index CAC 40 rose 2.1% to 4691 , 14 points.
In the electronic trading of the New York Stock Exchange, the price of WTI crude oil rose by 2.8% on Monday to USD 36.81 per barrel. The price of Brent crude oil rose 2.7% to $ 38.97 a barrel on the London Stock Exchange.
Euro against the US dollar fell from 1.1647 to 1.1639 dollars per euro on Monday, the British pound against the US dollar fell from 1.2947 to 1.2918 dollars per pound, while the US dollar against the Japanese yen rose from 104.66 to 104.76 yen per dollar. The value of the euro against the British pound rose from 90.09 to 90.23 pence per euro.
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