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Wednesday at 4:30 GMT
What you need to know
- Dollar plunges as US mid-term election results arrive
- US equities futures and treasury yields rise as Democrats win seats
- Asian stock indexes recover after a turbulent morning
- Oil prices drop further, with the United States falling below $ 62 per barrel
General presentation [19659008] Dollar and Treasury bond yields fell as futures on US stocks rose as Democrats appeared ready to take partial control of Congress in the mid-term elections. The main benchmarks for Asian equities were generally higher, while oil prices continued to fall, with Brent falling below 62 USD.
Burning Subject
The dollar resumed its previous collapse and US equities regained a positive momentum as several broadcasters projected Democrats to take control of the House in mid-term elections in the United States, offering possibly a means of control over the administration of President Donald Trump. , was down 0.3 percent. The 10-year Treasury yield dropped 4 basis points to 3.189%, after peaking at 3.249%.
At 23:35, Eastern Time, as results continued to be obtained, the Democrats had overturned 18 seats. bringing them closer to the net gain of 23 they need to regain control of the room.
A divided Congress – Democrats taking the House of Representatives and Republicans holding the Senate – would limit Mr. Trump's ability to impose tax and expenditure changes or trade policies.
Although things are changing, "it seems things are changing as expected by most market players," said Brian Levitt, senior investment strategist at Oppenheimer Funds.
"If you had a Republican election, you could have seen a repetition of what you saw after Trump's surprise victory," he said. "You need a catalyst to unleash any hope of recovery."
Stocks and Forex
The main stock indexes for the Asia-Pacific region have increased in all areas, the Hang Index Seng Hong Kong recording a gain of 1.2%. . In China, the CSI 300 index of shares listed in Shanghai and Shenzhen rose by 0.4%.
The Tokyo Topix added 0.3%, as did the Seoul Kospi Composite. In Sydney, the S & P / ASX 200 index rose 0.1%, offsetting lower financials for the financial sector.
The dollar lost ground against Asian currencies, with the Japanese yen up 0.2% against the US dollar at 113.20 yen. after a previous dive. The pound rose 0.4% to 1.3142 dollars, while the euro rose 0.3% to 1146.66 dollars.
Commodities
Oil prices fell again after falling overnight, Brent crude, the international benchmark, down 0.2% to $ 72.02 a barrel. worries about a global supply shortage continued to weaken despite the formal sanctions imposed by the United States on Iran's crude exports. US brand West Texas Intermediate lost 61%, down 0.5%.
Gold, which is often a safe haven, rose 0.3% to $ 1,229.78 per ounce.
For market updates and comments, follow us on Twitter @FTMarkets
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