Stock markets rallied yesterday as investors saw the potential for US tax hikes fade while the dollar slid ahead of a key Federal Reserve update. London’s FTSE 100 rose 0.4% to 5,906.18 points, Frankfurt’s DAX 30 closed 2.0% up at 12,568.09 points. Paris’ CAC 40 ended 1.2% up at 4,983.99 points, while the Euro STOXX 50 finished 1.7% higher at 3,213.76 points. The knife-edge US presidential race has tilted toward Joe Biden, with Democrat wins in Michigan and Wisconsin bringing him close to a majority. But President Donald Trump claimed that he was being cheated – an unprecedented complaint unsupported by any evidence – and has gone to court to try and stop vote counting. Even if the outcome
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