Markets react with caution to Democrats' victory in US midterms
Summary
Investors reacted cautiously after Democrats took control of Congress in the U.S. midterm elections. They moved away from AI stocks and toward government bonds, while oil prices edged higher amid uncertainty over President Donald Trump’s war against Iran.Key Facts
- Democrats took control of Congress in the midterm elections.
- Investors shunned AI stocks on Wednesday.
- Investors turned to government bonds.
- Oil prices rose slightly.
- Uncertainty remained over the direction of the U.S. war against Iran.
- The rising cost of living was a central issue in the midterm campaign.
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