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NEW YORK –
The latest developments in financial markets (all times local):
5:30 am
The dollar has weakened in the wake of the U.S. midterm elections which saw the Democrats win control of the House of Representatives and the Republicans hold onto the Senate.
The currency was down 0.3 percent at 113.09 yen while the euro advanced 0.5 percent to $ 1.1485.
The decline is related to uncertainty in Washington.
Konstantinos Anthis, Head of Research at Financial Services firm ADSS, said President Donald Trump will "definitely have a long time getting his legislative initiatives through Congress" but that should not be a dampening factor for the dollar itself in the long term . "
Potentially more important for the dollar this week, he said, will be the Federal Reserve's latest announcement on Thursday and its accompanying statement. Thoughts are expected to be kept on hold.
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4:20 a.m.
Share prices have closed mixed in Asia with several major regional benchmarks giving up early gains.
The retreat Wednesday followed results from U.S. midterm elections that were no surprise the viewer for greater uncertainty in the opposition Democrats regained a majority in the House of Representatives.
Japan's Nikkei 225 index lost 0.3 percent to 22,085.80 while Hong Kong's Hang Seng index is positive, adding 0.1 percent to 26,147.69. The Kospi in South Korea lost 0.5 percent to 2.078.69 and the Shanghai Composite index skidded 0.7 percent to 2.641.34. Australia's S & P ASX 200 added 0.4 percent to 5.896.90 in Taiwan, Singapore and Indonesia.
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3:40 a.m.
European stock markets have opened strongly after the U.S. midterm results in 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.
Mike Read, founder of the Pelican, founder of social trading platform, said the "cloud of uncertainty from the last few weeks has lifted and we are back to trading as usual."
As a result, he thinks many traders who have stayed in the market.
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1:45 a.m.
U.S. House of Representatives. U.S. House of Representatives.
The outcome of the US midterm election could have a check on President Donald Trump and his aggressive trade policies.
Japan's benchmark Nikkei 225 indexes fell back into late trading, giving up 0.3 percent, and the Shanghai Composite index lost 0.5 percent. Hong Kong's Hang Seng edged 0.1 percent lower and the Kospi in South Korea declined 0.5 percent.
The U.S. dollar also fell, with U.S. crude oil benchmark down 40 cents at $ 61.81 per barrel.
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1:00 a.m.
Futures for the Dow Jones Industrial Average and the S & P 500 have held steady with the Democrats looking to gain control of the U.S. House of Representatives.
By midday in Asian trading on Wednesday the future contracts had shown the drastic swings with the 2016 presidential election. The mixed outcome for the midterm election, with the Republican Party still in control of the Senate, suggests a limited scope for a change of course on President Donald Trump's fonts on trade and other issues.
The future contract for the Dow rose 0.3 percent to 25.707.00 and that for the S & P 500 added 0.2 percent to 2.764.80.
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12:00 a.m.
Asian shares are trading higher as a result of the U.S. midterm elections.
Japan's Nikkei 225 benchmark added 0.5 percent to 22,265.05. Australia's S & P / ASX 200 edged 0.3 percent higher to 5,894.30. South Korea's Kospi gained 0.4 percent at 2.098.35. Hong Kong's Hang Seng jumped 1.5 percent to 26,505.06, while the Shanghai Composite added 0.5 percent to 2,672.89.
The election results were watched closely in Asia, as they could affect U.S. trade, economic and security policies.
The Democrats have been gaining significant grounding in the battle for House control, while Republicans held their Senate majority, according to early results.
The dollar rose to 113.21 yen from 113.18 yen, while the euro climbed to $ 1.1464 from $ 1.1427.
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