Biden’s win in Pennsylvania on Saturday put him above the 270 electoral college votes needed to secure the presidency four days after election day, though President Donald Trump has no plans to admit anytime soon. Stocks in Europe and Asia rose sharply on Monday. MSCI’s broadest index for stocks in the Asia-Pacific region outside of Japan rose 1.4%, up 6.2% the previous week, its best weekly performance in five months. The Japanese Nikkei hit a 29-year high, while European indices rose as much as 1.5%.
This article originally appeared on ca.finance.yahoo.com