A Democratic sweep of Congress rippled across global markets, with stocks fluctuating while the dollar fell and Treasuries gained on bets the outcome will put the brakes on President Donald Trump’s agenda.
Futures for the S&P 500 rose 0.2% while those for the Nasdaq 100 gained 0.3%. Both fell earlier before buyers stepped in. The dollar weakened against major peers, while 10-year Treasury yields fell three basis points to 4.93%. Europe’s Stoxx 600 climbed 0.6% and a gauge for Asian equities was little changed.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie.
Chapters:
00:00:00 – The Opening Trade Begins: Markets Agenda: Democrats Sweep Congress
00:01:18 – Democrats Score Landslide Midterm Victory
00:03:49 – Markets React to the Blue Wave
00:06:48 – Inflation, Affordability and the Fed
00:08:15 – European Earnings: Novo Nordisk and BMW
00:10:53 – Need to Know
00:12:19 – Mayer Brown Partner Tom Perez on the Democratic Victory & Democrats’ Priorities: Healthcare, Wages and Tariffs
00:16:31 – Mayer Brown Partner Tom Perez on Congress, Iran and the War Powers Act & AI, Data Centers and Democratic Policy
00:21:30 – Need to Know: Oil, Iran Peace Talks and AMD Earnings
00:24:12 – Markets Stabilize After Initial Selloff
00:26:52 – Scale of the Democratic Midterm Victory
00:31:54 – Tech Markets React to Election Results
00:33:37 – Pepperdine University Law Professor Colleen Graffy on Foreign Policy Implications of Democratic Control
00:39:29 – MLIV: Treasuries and the Market Outlook
00:43:01 – Stocks to Watch After US Midterms
00:47:33 – European Markets Open
00:50:29 – Macro Hive CEO Bilal Hafeez on the Market Impact of the Election, Data Centers and the Texas Election Result
00:57:42 – Macro Hive CEO Bilal Hafeez on What Democratic Control Means for AI
01:00:25 – Defense and Renewable Stocks Diverge
01:02:29 – Novo Nordisk Earnings and US Healthcare Policy
01:06:51 – BMW Earnings and the Impact of US Tariffs
01:11:47 – European Markets Digest the Political Earthquake
01:13:53 – Need to Know
01:15:05 – Democrats Take the House and Senate
01:17:50 – What the Election Means for Europe
01:19:44 – Former UK Ambassador to the US David Manning on Trump, Putin and Ukraine
01:26:42 – US-Iran Peace Talks and Oil Markets
01:29:29 – Treasuries Rally on Democratic Fiscal Constraints
01:33:49 – Dollar Weakness and the Post-Election Market Picture
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