European equity markets held gains Thursday after stocks in Japan had their strongest rally in nine-months following the decisive victory for Donald Trump and his Republican colleagues in Tuesday's Presidential elections.
Britain's FTSE 100 index added 20 points, or 0.2%, by 12:45 GMT, extending Wednesday's gains following the shock results and surprisingly diplomatic victory speech from President-Elect Trump. Benchmarks in Germany and France were also stronger by mid-day in Europe, rising 1% and 0.75% respectively.
Japan's Nikkei 225 surged 6.7% to 17,334, its biggest gain in at least nine months and more than reversing Wednesday's 5.4% decline, as investors piled back in to risk assets following a strong rally on Wall Street in the wake of Trump's decisive victory and Republican control of Congress.
Bonds continued to react to the election results, as traders sold U.S. Treasuries amid the global stock rally, pushing yields on benchmark 10-year debt to 2.08%.
European government bonds were also under pressure, pushing triple-A German bunds 9 basis points higher to 0.30% as European sovereign debt markets sold into the broader equity rally. Italy's benchmark 10-year debt was one of the session's biggest movers, with yields rising 14 basis points to 1.89%, a 16-month high.
Aegon NV (AEG) , the Dutch insurance group, was one of the day's biggest movers as shares rose more than 12% to a five-month high of €4.65 each. The U.S.-focused group said Q3 earnings suffered from higher life insurance claims and reported a 7% decline in underlying profit.