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DJIA Futures Once Soar 1,000+ Pts; Europe Shrs Broadly Rise in Early Session; Novo Nordisk Leaps 7.8%
US Republican presidential candidate and former president Donald Trump declared himself the winner in the election at his campaign headquarters in Florida, and the Republicans have...
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DJIA Futures Once Soar 1,000+ Pts; Europe Shrs Broadly Rise in Early Session; Novo Nordisk Leaps 7.8%
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US Republican presidential candidate and former president Donald Trump declared himself the winner in the election at his campaign headquarters in Florida, and the Republicans have regained control of the Senate. As the "Trump trade" heated up, coupled with market anticipation that the Fed will cut interest rates by another quarter point this week, the three major US stock index futures widened their gains this afternoon (6th) Hong Kong time. The DJIA futures once rocketed 1,043 points or 2.5%. The Russell 2000 futures, one of the main indicators of the "Trump trade", even escalated 118 points, or 5.2%, to 2,391.

Major European stock markets rallied across the board in early trading on Wednesday. Germany's DAX climbed 211 points, or 1.1%, to 19,463. The FTSE 100 advanced 106 points, or 1.3%, to 8,279. France's CAC added 121 points, or 1.7%, to 7,529. Italy's FTSE MIB grew 283 points, or 0.8%, to 34,755. Spain's IBEX 35 fell 132 points, or 1.1%, to 11,706. The Stoxx Europe 600 Index swelled 1.5% to 517.07.

Related NewsCN Oct PPI -2.9% YoY, vs -2.5% in Consensus
Denmark's Novo Nordisk spiked 7.8% in early trading to DKK803.5. The group announced its 3Q results, with net sales shooting up 22% YoY to DKK71.311 billion (around $80.07 billion).

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