Markets rise, US could see “a lot more spending”

Markets rose on Wednesday.

The S&P 500 rose 0.6 percent, the STOXX Europe 600 rose 1.4 percent and the Shanghai Composite rose 0.6 percent.

With the Democratic Party looking set to win Senate elections in Georgia, Jason Trennert, chairman of Strategas, told CNBC that “there’s going to be a lot more spending”.

In Europe, the European Medicines Agency approved Moderna’s COVID-19 vaccine for EU use. David Madden, market analyst at CMC Markets said “that added to the optimistic sentiment”.