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The Dax is expected to be profitable:
Investors are pleased with the election of Joe Biden
Photo: KAI PFAFFENBACH / REUTERS
After Joe Biden's victory in the US presidential election, the Dax should start the trading week with a significant plus.
Broker IG valued the leading German index on Monday morning around two and a half hours before the start of Xetra trading, 1.82 percent higher to 12,707 points.
This means that the Dax could build on the strong gains of the previous week on Monday.
In the past week, the leading index had gained almost 8 percent on Friday despite slight losses.
Before that, Asian investors were already in a buying mood.
"While much attention has been paid to Trump versus Biden, the markets have reacted strongly to the - likely - split Congress, which means more confidence that interest rates will be lower for longer," said Dave Wang, portfolio manager at Nuveen Capital in Singapore on Monday.
The Nikkei index, which comprises 225 values, closed 2.1 percent higher at 24,839 points.
The broader Topix index rose 1.4 percent and stood at 1682 points.
The Shanghai stock exchange was 1.9 percent up.
The index of the most important companies in Shanghai and Shenzen rose by 2.2 percent in the hope of better trade relations between China and the US under Biden.
The MSCI index for Asian stocks outside of Japan rose 0.8 percent.
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Euro increases
In Asian foreign exchange trading, the dollar gained 0.1 percent to 103.41 yen and was down 0.5 percent to 6.5760 yuan.
In relation to the Swiss currency, it was quoted 0.2 percent lower at 0.8988 francs.
In parallel, the euro rose 0.2 percent to 1.1893 dollars and rose 0.1 percent to 1.0694 francs.
The pound sterling gained 0.2 percent to $ 1.3184.
mg / dpa-afx / Reuters