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By Michela Coricelli

04 November 2020Rally of European stock exchanges, driven by the Wall Street race: the markets are not at all frightened by the uncertainty linked to the long counting of American votes.

Quite the contrary: Investors are betting on a quick solution in light of the latest post-election data.



In the wake of Wall Street, enthusiastic Europeans.

Milan closed with a sprint at + 1.96% in the company of Frankfurt at + 1.95%, London at + 1.67% and Paris at + 2.44%.

In Piazza Affari there was a strong rise in Nexi (+ 6.66%) with the market waiting for an agreement with Nets, and Intesa Sanpaolo (+ 3.71%) which increased its pace after the publication of the results of the first 9 months of 2020. In New York, industrial stocks run on the Dow Jones (+ 2.42%), but the real sprint comes from Nasdaq technology stocks (+ 4%): a division of Congress (the Senate still to the Republicans and the House of Representatives still to the Democrats) would make it more difficult to impose higher taxes on Big Tech capital gains.