Stocks open higher on calmer political situation in US

Stocks open higher on calmer political situation in US 150 150 Realm

UK and European stocks have opened higher this morning. Markets are cheered that the Trump Administration is beginning an orderly transition of power and that an effective coronavirus vaccine appears to be imminent. There are ongoing concerns about rising coronavirus case around the globe but investors appear optimistic that things will improve as the vaccines are made available. Joe Biden’s selection of Janet Yellen as his administration’s Treasury Secretary was also well received. In the UK, Chancellor Rishi Sunak is due to announce his spending plans today and new forecasts for the economy.

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