Europe's stock markets rose in opening deals on Friday as investors digested news that Labour, as expected, clinched a landslide election victory in Britain to end 14 years of Conservative rule.
London's benchmark FTSE 100 index rose 0.4 percent following news that Keir Starmer will become Britain's new prime minister as his centre-left opposition Labour party sweeps to power.
Elsewhere, the Paris CAC 40 stocks index added 0.3 percent and Frankfurt's DAX was up 0.6 percent with eurozone investors on tenterhooks before France's crucial legislative vote this weekend.
"In the UK, the expected Labour landslide was effectively much ado about nothing in terms of market movement," noted Richard Hunter, head of markets at trading group Interactive Investor.
In France, tactical voting efforts to block the far-right from taking over the government have partly bolstered European markets.
But analysts remain wary that the second-biggest economy in the European Union could be headed for a period of political deadlock if there is no overall winner on Sunday.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Featured Video Of The Day
NDA 200 And Counting, Set To Thump MVA, Record Landslide Win In Maharashtra
Credit Suisse Shares Soar Over 30% After Bank Secures Financial Lifeline World Stocks Fall As ECB Goes No Further On Bond Buys Emerging Market Bulls Push Global Stocks Higher Election Results 2024 LIVE: With Thumping Win, Maharashtra Decides Real NCP, Sena Election Results: Rahul Says Will Analyse Maharashtra Results In Detail Jharkhand Election Results 2024 LIVE Updates: INDIA Bloc Wins 30 Seats "Moving Towards One Party One Nation": Uddhav Thackeray On BJP Victory "You Will Have To Work Under D Fadnavis": Uddhav Thackeray Jabs E Shinde UP Police's '5 Taara' Shoutout To Diljit Dosanjh For Praise Post Track Latest News Live on NDTV.com and get news updates from India and around the world.