• 'Welcome to gridlock': Stock traders cheer, dollar investors jeer US midterm results

    12 days ago - By Business Insider

    Global markets are mixed on Wednesday after, as expected, Democrats take control of the US House of Representatives, while the Republicans retain control of the senate.
    This outcome could lead to "gridlock" with legislation harder to pass.
    Chinese stocks suffered, with worries that the result could lead President Trump to double down on his trade war, which does not require Congressional support.
    US stock futures are pointing to a higher open, with the Nasdaq set to rise about 1.2%. European stocks are climbing higher.
    One casualty of the results: The dollar, which dropped 0.4%. The...
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  • Markets Right Now: European stocks spike after midterms

    Markets Right Now: European stocks spike after midterms

    12 days ago - By Chron

    NEW YORK - The latest on developments in financial markets :
    3:40 a.m.
    European stock markets have opened strongly after the U.S. midterm results came in largely as anticipated with the Democrats taking back control of the House of Representatives and the Republicans holding onto the Senate.
    Among the main indexes, Britain's FTSE 100 was up 1 percent at 7,113 while Germany's DAX also spiked 1 percent to 11,598. The CAC 40 in France was 1.1 percent at 5,131.
    Though the election results raise the prospect of political gridlock in Washington, Mike Read, founder of social trading platform...
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  • 10 things you need to know in markets today

    10 things you need to know in markets today

    12 days ago - By Business Insider

    Good morning! Here's what you need to know in markets on Wednesday.
    1. Most of the US midterm election results are in : Democrats are projected to take control of the House of Representatives , and Republicans are projected to hold onto their majority control of the US Senate in the new year.
    2. Former US Treasury secretary Hank Paulson told a forum in Singapore that if the US decouples from China, then it will likely isolate itself from the region and trigger a “full-blown” cold war. Paulson spoke of an “economic iron curtain” cleaving the world into estranged spheres should the US and...
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  • The 10 most important things in the world right now

    The 10 most important things in the world right now

    12 days ago - By Business Insider

    Here's what's happening on Wednesday.
    1. It's the Midterms 2018 and it's happening LIVE: Democrats were projected to take control of the House of Representatives , and Republicans are projected to hold onto their majority control of the US Senate in the new year.
    2. Former US Treasury secretary Hank Paulson warned of an "economic iron curtain" if the US and China can't find a way to get along. A growing majority at home now see China not just as a strategic challenge to US interests but as a country whose rise has come at America's expense.
    3. China says it has new surveillance camera...
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  • Markets Right Now: US futures higher as Dems regain House

    12 days ago - By Chron

    NEW YORK - The latest on developments in financial markets :
    1:00 a.m.
    Futures for the Dow Jones Industrial Average and the S&P 500 have held steady with the Democrats looking likely to gain control of the U.S. House of Representatives.
    By midday in Asian trading on Wednesday the future contracts had showed none of the drastic swings seen with the 2016 presidential election. The mixed outcome for the midterm election, with the Republican Party still in control of the Senate, suggested a limited scope for a change of course on President Donald Trump's polices on trade and other issues.
    The...
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