| GEO Business | | World markets surge as US goes to the polls | Updated at: 2202 PST, Tuesday, November 04, 2008
NEW YORK: World markets pushed higher Tuesday as America went to the polls and a leading U.S. investment bank told its clients in Europe to buy stocks after the savaging they have taken in the last few weeks.
The Dow Jones index of leading U.S. shares was 203.66 points or2.2 percent, higher at 9,523.49 even though analysts generally do not believe that one candidate will boost the beaten down marketmore than the other.
Britain's FTSE 100 index was 116.49 points, or 2.6 percent,higher at 4,559.77, while Germany's DAX was up 133.68 points, or 2.7percent, at 5,160.52. France's CAC-40 was 92.30 points, or 2.6percent, higher at 3,620.27.
Most Asian stock indexes were more or less flat, apart from Japan's Nikkei, which surged 537.62 points, or 6.3 percent, at 9,114.60 as the market played catch-up after being closed Monday, when most of Asia rose.
The U.S. presidential election is dominating sentiment in U.S. markets during Tuesday having been an after thought for much of the last few weeks during the financial crisis. |  |
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