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The pan-European Stoxx 600 was up by more than 0.4 percent with almost every sector in the black.
On Wednesday, Democrats won control of the House of Representatives while Republicans retained their hold on the Senate, as the U.S. midterm election's outcome split Congress.
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• Asian stocks scaled a one-month peak on Thursday, after investors drove a Wall Street rally on relief the U.S. midterm elections delivered no major political sur•prises, while the dollar bounced and pulled away from 2-1/2-week lows.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was last up 0.8 percent to stand at its highest since Oct. 8.
• “Going forward, we think the removal of uncertainty and realization of the expected outcome should be supportive for risk assets,” Goldman Sachs analysts said in a report.
While a divided Congress will make it harder for President Donald Trump to push through new legislation, such as additional tax cuts, investors do not expect a reversal of recently enacted tax cuts and deregulation.
• Japan’s Nikkei surged on Thursday, tracking a rally in Wall Street after U.S. midterm elections produced no major surprises, while Toshiba was in the spotlight after it announced cost cuts and a major share buyback.
The Nikkei share average ended 1.8 percent higher at a 2-1/2-week closing high of 22,486.92 points.
• Stocks in China gave up earlier gains and closed lower for a fourth straight session on Thursday, as investors remained concerned over the trade outlook and awaited concrete signs of policy support for a slowing economy and wobbly markets.
At the close, the blue-chip CSI300 index was down 0.3 percent at 3,212.77 points, while the Shanghai Composite Index lost 0.2 percent to 2,635.63 points.
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