Stock markets across Europe built on yesterday's gains this morning, despite ongoing uncertainty over the outcome of the US elections. 

Tech stocks led the way, but all sectors and major exchanges were in positive territory.

US futures pointed to the markets on Wall Street opening higher later as the election remains the key focus for international investors amid hopes that a winner of the presidential election would soon be determined.

Niall Dineen, chief investment officer with Appian Asset Management, said the markets' performance could be broadly summed up as a relief rally.

"The fact that they're going to have a Republican Senate led to a rally in healthcare and tech in particular. There won't be increased regulation in healthcare and that the breakup of the big tech stocks isn't going to happen in the short term," he explained.

He said tech stocks had taken on something of a safe haven status in recent years, but the likely eventual outcome of the election could serve as a catalyst for taking money out of tech and putting into other parts of the market.

"The presidency has the potential to take uncertainty out of the markets and that could be very positive for global equity markets," Mr Dineen said.

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Craig Erlam, Senior Market Analyst with Oanda Europe, agreed that investors appeared to be somewhat satisfied at how things had gone in the election.

"It's looking good for the former vice President and despite a tumultuous day yesterday, markets are clearly quite content with Biden in the White House and Republicans holding the majority in the Senate. We may not get as large a stimulus but tax hikes look much less likely now," he said.

Mr Erlam said investors were viewing Donald Trump's threatened challenges as merely a delay to Joe Biden eventually being declared the winner.

The US dollar fluctuated yesterday, but not dramatically.

The greenback has remained weak against major peers throughout the presidency of Donald Trump.

Niall Dineen said the dollar would likely continue along the same path as it has in recent years.

"If we'd a Biden presidency and a Democratic House and Senate, we'd have a very weak US dollar. The path is still lower under Biden and that would be positive for global growth," he concluded.