Stock prices ASV And European Shares rose on Tuesday as midterm elections were held in the United States.
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The US dollar fell against the euro. Oil prices it fell, driven by fears over China’s crude oil demand.
“Investors are hoping for a political deadlock. This would make it difficult to implement radical political changes,” said Fawad Razakzada, market analyst at City Index and FOREX.com.
The US mid-term elections elect all members of the House of Representatives and one-third of the senators, as well as various state and local officials.
At stake in this election is control of Congress and President Joe Biden’s ability to implement his internal political and social agenda over the remaining two years in the White House.
The shared control in Washington between Democrats and Republicans is seen as a scenario that would reduce the risk of political uncertainty.
“The consensus is that investors prefer a political stalemate because it prevents any major deviation in policy,” said James Hughes, analyst at Scope Markets.
Investors are also awaiting the release of US inflation data, scheduled for Thursday and before the next Federal Reserve (FRS) meeting, which will define its monetary policy.
On Tuesday the Dow Jones Industrial Average rose 1.0% to 33,160.83, the Standard & Poor’s 500 rose 0.6% to 3,828.11 and theNasdaq Composite “increased 0.5% to 10,616.20 points.
from London the FTSE 100 stock index rose 0.1% to 7,306.14 points on Tuesday, the Frankfurt Stock Exchange Index DAX 30 increased by 1.2% to 13,688.75 points, but Paris the CAC 40 stock market index increased by 0.4% to 6441.50 points.
from New York In the exchange’s e-commerce on Tuesday, the price of WTI crude oil fell 3.1% to US $ 88.91 a barrel. The price of “Brent” crude on the London stock exchange fell 2.6% to $ 95.36 a barrel.
The euro rose against the US dollar on Tuesday from $ 1.0023 to $ 1.0076 per euro, the British pound against the US dollar rose from $ 1.1513 to $ 1.1544 per pound and the US dollar against of Japan the yen fell from 146.68 to 145.58 yen per dollar. The euro rose against the British pound from 87.03 to 87.26 pence per euro.
