European Benchmarks Approach All-Time Highs Following Democratic US Election Sweep

European equity benchmarks, including the Euro Stoxx 50, are nearing all-time record levels following a Democratic sweep in the US elections. The advance across European markets follows a powerful global risk-on rally triggered by the US results, which earlier sent the Dow Jones Industrial Average surging 1,569.40 points, or 3.03%, alongside roughly 1.5% gains for both the S&P 500 and Nasdaq. European cyclical and export-heavy sectors are driving momentum as investors anticipate expansive US fiscal packages, infrastructure spending, and more predictable international trade relations.