FTSE 100 rises to near one month-high after Biden's U.S. election victory

  • Reuters
  • Stock Market News
FTSE 100 rises to near one month-high after Biden's U.S. election victory
Credit: © Reuters.

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* FTSE 100 up 1.5%, FTSE 250 adds 1.5%

Nov 9 (Reuters) - London's FTSE 100 jumped on Monday as investors cheered Joe Biden's U.S. election victory on hopes of more monetary stimulus and calmer global trade, while also awaiting progress on a Brexit deal with the European Union.

The blue-chip FTSE 100 index .FTSE added 1.5% to touch its highest level since Oct. 14, with Taylor Wimpey Plc TW.L surging 9.2% after the homebuilder said it was on track to deliver annual results above market expectations. wider homebuilding .FTNMX3720 sub-index rose 2.1%.

The domestically focussed mid-cap FTSE 250 gained 1.5% after Prime Minister Boris Johnson said on Sunday a Brexit trade deal was "there to be done", suggesting his view that the agreement's broad outline was already "pretty clear" was shared in Brussels. company news, On The Beach Group Plc OTB.L fell 3.4% after the holiday package provider warned of a hit to seat capacity due to England's four-week ban on international leisure travel.

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