European stocks extended gains Monday amid a global equity rally that carried the U.S. stocks into triple-digit gains after the Federal Bureau of Investigation effectively closed its criminal probe into Hillary Clinton's use of a private email server while Secretary of State.
Europe's broadest equity benchmark, the Stoxx 600 index, added 1.5%, or 4.92 points, and was quoted at 333.70 points at the closing bell. Britain's FTSE 100 led by bank, energy and basic materials stocks, gained around 1.4% as the session drew to a close. Gains on the benchmark were also supported by a decline in the pound, which fell more than 1% against the U.S. dollar in European trading.
In the US, the Dow Jones Industrial Average climbed 1.7%, up more than 300 points, by the end of the European session, while the S&P 500 added 1.9% and the Nasdaq jumped 2.3%. Stocks had previously fallen for nine straight sessions with the S&P 500 suffering through its longest losing streak in more than 35 years.
The latest reading of a compilation of polls at the RealClearPolitics website has Democratic candidate Hillary Clinton extending her lead against Republican rival Donald Trump to 2.6 points. However, key battleground states, such as Ohio and Florida, remain too close to call and suggest either candidate will face significant hurdles in reaching the minimum 270 electoral votes needed to secure the White House.
HSBC (HSBC) was one of the session's biggest movers, with shares in Europe's biggest bank rising as much as 5% after the lender revealed a modest rise in adjusted third quarter profit supported by a significant increase in its capital base. HSBC shares closed at 620 pence, up 4.36% on the day and extending the year-to-date advance past 20%.