Asian, Australian, and European stock markets post gains following Joe Biden victory

Markets are also being propelled by Pfizer's claim that its coronavirus vaccine is more than 90 percent effective at preventing infection

    1 of 1 2 of 1

      It could be a good day on North American stock markets if the signals from across the Atlantic and Pacific oceans prove to be prophetic.

      The DAX index in Germany has jumped 5.71 percent, whereas the FTSE in London rose by 5.56 percent as of this writing.

      It's seen as a sign that investors are feeling more confident after Joe Biden's victory in the U.S. presidential election.

      The market is up by a smaller percentage in Switzerland, but the CAC 40 index in France has fallen by 3.37 percent. 

      Meanwhile, five major Asian markets all posted gains well over one percent in the first day of trading after Biden won the U.S. presidential election.

      The largest increase occurred in Japan, where the Nikkei 225 rose by 2.12 percent.

      The index in Shanghai was up by 1.86 percent, compared to 1.68 percent in Mumbai, 1.19 percent in Taiwan, and 1.18 percent in Hong Kong.

      The Australia ASX All Ordinaries index posted a 1.89 percent increase.

      Pfizer announcement also propels markets

      Another factor increasing confidence came from the pharmaceutical world.

      One of the world's largest drug companies, Pfizer, has stated that its coronavirus vaccine is more than 90 percent effective in preventing infection.

      That's driven the Dow Futures up 5.91 percent in premarket trading.

      The S&P 500 futures are up 4.54 percent, compared to a 1.12 percent rise in NASDAQ futures.