Business · Markets · 8 hrs ago
Dax jumps after Democrats win control of both US chambers
Germany’s Dax rose 2.22% on Wednesday, closing at 26,437.67 points and coming within 78 points of its record set in August.
The Democrats won control of both chambers of the US Congress in midterm elections, raising expectations that President Donald Trump’s policies could face more limits.
Investors saw the result as a possible sign of a milder US foreign policy and less risk of new trade tensions.
German car shares gained as investors hoped for a softer US tariff approach, while lower oil prices and stronger company results also supported the market.
Some AI-related shares fell on concerns that Democratic control could bring closer regulation of the sector.
Heidelberg Materials rose 9.6% after strong results, and Continental gained 5.2% after raising its profit forecast.
Market experts expect more volatility, but the sources give no specific next step for the Dax.
The Dax rose about 2.2% on Wednesday after Democrats won majorities in both chambers of the US Congress.
The index closed at 26,437.67 points, near its record level from late August.
Investors welcomed hopes of a milder US foreign policy and new rules for some industries.
Falling oil prices and positive company reports also supported share prices.
Bank and renewable-energy shares gained, while some technology stocks came under pressure.
- Who
- Democrats won majorities in the US House of Representatives and Senate, while investors responded to the result.
- What
- The Dax rose about 2.2% and came close to its record level.
- When
- Wednesday, November 4, 2026.
- Where
- The Frankfurt stock market, with gains also reported on other European and US markets.
- Why
- Investors reacted to the election result, falling oil prices and positive company reports. They also weighed possible changes to US policy and regulation.
This story does not have two clearly opposing sides.
US midterm elections began, and the Dax closed 0.45% lower amid concern about oil prices and the election.
Democrats won majorities in both chambers of Congress, and the Dax rose about 2.2% to close at 26,437.67 points.
US Vice President JD Vance blamed the US approach to Iran in part for the election result, after which the oil-price decline accelerated, according to n-tv.
- Dax close
- 26,437.67 points
- Dax daily gain
- 2.22%
- Dax record gap
- 78 points at the session high
- EuroStoxx 50 gain
- Nearly 2%
- Brent crude price
- $98.83 a barrel, down 4.5% according to n-tv
6 sources
Chance auf Jahresend-Rally: US-Wahl treibt den Dax Richtung Rekord - Vance drückt den Ölpreis
Börse aktuell: Dax nähert sich nach Midterms Rekord
Aktien Europa Schluss: Deutliche Gewinne nach US-Zwischenwahlen
Dax aktuell: Dax beendet Handel deutlich über 26.000-Punkte-Marke – Ölpreis fällt
What people are saying
not infinitely enforceable
The changed political balance of power could discipline American fiscal policy more strongly and thereby ease at least part of the concerns about the escalating national debt and high long-term bond yields.