(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)
Jan 6 (Reuters) - European stocks rose on Wednesday, with economically sensitive sectors such as energy and banks leading the gains, as investors braced for a Democratic win in crucial U.S. Senate run-off election in Georgia that could drive bigger fiscal stimulus.
Oil majors BP BP.L , Royal Dutch Shell RDSa.L and Total TOTF.PA gained as crude prices rose to their highest since February 2020 on Saudi Arabia's pledge to cut output more than expected in a meeting with allied producers. O/R
While the final votes are yet to be counted in the run-off elections, markets appeared to price in a 'blue wave' that could usher in larger fiscal stimulus and pave the way for President-elect Joe Biden to push through greater corporate regulation and higher taxes. Europe, a pullback in healthcare .SX3P , food & beverage .SX3P and tech .SX8P shares capped gains in major bourses.
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