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World Shares Up On Stimulus Hopes As Congress OKs Biden Win

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A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, Jan. 7, 2021. Shares rose in Asia on Thursday after Wall Street rallied on expectations of more stimulus for the economy, despite chaotic scenes in Washington as Trump supporters stormed the U.S. Capitol. (AP Photo/Eugene Hoshiko)

Global shares have risen after Congress certified Democrat Joe Biden’s Electoral College victory following unprecedented chaos when supporters of President Donald Trump ran rampant through the U.S. Capitol. The formal recognition of Biden as president-elect has raised expectations his administration, helped by control of both houses of Congress, will push ahead with more generous support for the U.S. economy. U.S. futures were higher and shares rose in Paris, London, Tokyo and Shanghai. On Wednesday, the S&P 500 rose 0.6%, giving up much of an earlier rally, while the Dow Jones Industrial Average closed at a record high.

 

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