The U.S. midterm elections are not only an event that decides the fate of political power in Congress but also something that affects the stock markets. In a note to clients, Jim Reid, a markets strategist at Deutsche Bank, pointed out that midterm elections are one of the “best historical buy signals for equities,” according…
How Stocks Tend to Perform If Midterm Elections Lead to Divided Government
Wall Street Opens Higher as Voting in Midterm Election Begins
U.S. stock indexes opened higher on Tuesday as voting began in the crucial midterm election that will determine control of Congress, with investors hoping for a political gridlock that could prevent radical policy changes. The Dow Jones Industrial Average rose 107.56 points, or 0.33 percent, at the open to 32,934.56. The S&P 500 opened higher…
Dollar Stems Losses as Investors Eye US Midterms
SINGAPORE/LONDON—The dollar steadied on Tuesday as traders looked ahead to U.S. midterm elections, and as excitement dimmed around China relaxing coronavirus restrictions, which had been boosting investor sentiment and weighing on the safe haven U.S. currency. A conclusive result to the midterms could take days, but forecasts are for a Republican victory, at least in…
Oil Prices Dip on China Demand Worries
LONDON—Oil prices slipped on Tuesday as recession concerns and worsening COVID-19 outbreaks in top crude importer China heightened fears of lower fuel demand. Brent crude fell 84 cents, or 0.9 percent, to $97.08 a barrel by 1006 GMT while U.S. West Texas Intermediate (WTI) crude fell 96 cents, or 1 percent, to $90.83. Both benchmarks…
Markets in Holding Pattern Ahead of Election, Inflation Data
Wall Street is essentially flat before the opening bell Tuesday with Americans heading to the polls to vote in the midterm elections that are being heavily influenced by inflation, with more data on that front arriving this week. Futures for the S&P 500 moved 0.16 percent higher, and the Dow Jones Industrial Average rose 0.13…
Wall Street Climbs Ahead of Election Day, Inflation Data
NEW YORK—Stocks rose Monday on the eve of Election Day as Wall Street looked ahead to the benefits of a possibly split government in Washington, though trading is likely to stay bumpy in a week full of events that could shake the market. The S&P 500 rose 1 percent, while the Dow Jones Industrial Average…
Wall Street Opens Higher With Focus on Midterm Elections
Wall Street’s main indexes opened higher on Monday following a rollercoaster week, with investor focus shifting to Tuesday’s midterm elections that will determine control of Congress. The Dow Jones Industrial Average rose 50.88 points, or 0.16 percent, at the open to 32,454.10. The S&P 500 opened higher by 10.16 points, or 0.27 percent, at 3,780.71,…
Dollar Sinks, Sterling Jumps as Market Turns to Risk Assets
LONDON/SINGAPORE—The U.S. dollar sank on Monday against the euro and sterling supported by a risk on sentiment and a rally in the European stocks market. A survey showed on Monday that investor morale in the eurozone improved in November, the first time it rose in three months, reflecting hopes that recent warmer temperatures and falling…
Oil Stable Below $100/bbl as Market Balances Chinese Data
LONDON—Oil prices were stable on Monday, hovering close to $100 a barrel as support from a weaker dollar and recovering Chinese crude imports met renewed demand concerns linked to China’s stringent COVID-19 containment approach. Brent crude futures rose by 6 cents, or 0.06 percent to $98.63 a barrel at 1026 GMT. U.S. West Texas Intermediate…
Global Benchmarks Advance as Markets Watch China, Inflation
TOKYO—Global stocks mostly advanced Monday as investors weighed uncertainties such as the U.S. midterm elections. Oil prices fell and U.S. futures edged lower. France’s CAC 40 lost 0.4 percent to 6,391.90 in early trading, while Germany’s DAX edged up nearly 0.1 percent to 13,470.68. Britain’s FTSE 100 rose nearly 0.1 percent to 7,340.85. The future…
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