Live: European stocks plunge after US midterm election results shock markets
Summary
European stocks fell on Friday as investors reacted to uncertainty about AI companies and possible limits on data-centre investment after Democrats won control of Congress in the U.S. The pan-European STOXX 600 dropped 1% in morning trading, erasing its gains for the week; U.S. markets had also suffered a sharp selloff on Thursday.Key Facts
- The STOXX 600 fell 1% to 648.83 points by 09:19 GMT on Friday.
- The index’s Friday losses erased its gains for the week, leaving it down about 0.3% for the week.
- EURO STOXX 50 futures were down 1%; German and UK benchmark futures fell 0.8% and 0.9%, respectively.
- Investors were concerned that a Democrat-led Congress might restrict spending on AI data centres.
- Market concerns also included weak returns, high valuations and investment funded by debt.
- The Nasdaq had its worst percentage session since April 2025 during Thursday’s U.S. market selloff.
- Trump blamed the Democrats’ midterm victory for Thursday’s stock-market decline in a post on Truth Social.
- Senate races in Alaska and Mississippi remained undecided in the article’s live updates.
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