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EU Market Open: Democrats projected to win both House and Senate resulting into USD pressure and selling across US equity futures
Democrats are seeing a very strong midterm result, flipping key Senate races in Ohio, Texas, South Carolina and Kansas, with DDHQ giving them a 99% chance of winning the House and a 100% chance of winning the Senate.
US President Trump said he will accept the election result and is prepared to work with Democrats, while stating that veto power is one of the strongest powers he has.
US equity futures were sold on prospects of a blue wave; APAC stocks were mixed, and European equity futures indicate a lower open.
DXY was pressured and 10yr UST futures were underpinned early before paring much…
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