Business · Markets · 2 hrs ago

US midterm results could shape markets and Trump’s remaining term

US midterm results could shape markets and Trump’s remaining term

US voters are choosing members of Congress in midterm elections on November 3.

The result will determine whether Republicans or Democrats control the House and Senate, which can affect how easily President Donald Trump advances tax, regulatory and spending policies.

Democrats are favoured to win the House, while control of the Senate is uncertain, according to a forecast cited in the story.

Different outcomes could bring policy negotiations, continued Republican control of Congress or stronger checks on the administration, but they would not automatically reverse tariffs or industrial support policies.

Investors are watching Treasury yields, the dollar and foreign investment as well as share prices to judge how markets are responding.

Early vote counts may not settle the result, especially in close races, so investors are advised to wait for more complete results; Apple’s earnings and economic data are also due this week.

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