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World Equities Climb on Eve of US Election

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Key Points

  • Global equity markets moved higher Monday after last week’s painful worldwide sell-off, with attention focused on the US presidential election against a backdrop of rising coronavirus infections there and in Europe.
  • The Dow finished up 1.6 percent, led by energy and industrial equities that are expected to benefit from an economic recovery.
  • Oil prices turned higher after days of losses on worries about demand as traders hoped that the OPEC cartel and its allies might hold off on planned production increases.
  • Visit The Financial Today’s homepage for more stories.

NEW YORK — Global equity markets moved higher Monday after last week’s painful worldwide sell-off, with attention focused on the US presidential election against a backdrop of rising coronavirus infections there and in Europe.

After a hesitant start, Europe rebounded sharply as dealers shrugged off a growing number of virus lockdowns in the region, though analysts cautioned against complacency.

That was followed by a relatively placid session on Wall Street, where markets moved past last week’s rout that culminated in both the worst week and month since March.

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