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2026-11-05 10:46:36 CLSA published a research report stating that the Democratic Party achieved a historic sweeping victory in the US midterm elections, winning control of the House of Representatives, the Senate and a majority of governorships, reflecting strong voter dissatisfaction with Trump 2.0 policies. The broker noted that a Democratic victory in the House of Representatives had already been priced in by the market, but the Democrats gaining seven seats in the Senate exceeded expectations. In effect, this could turn the president into a "lame duck", hindering policy advancement over the next two years and potentially triggering a series of congressional investigations. The broker mentioned that although markets in early Asian trading were briefly concerned by the election results, historical data showed that following all 19 US midterm elections since 1950, the S&P 500 posted positive returns over the subsequent six-month and 12-month periods. The broker believes Democratic control of both chambers may help reduce additional fiscal spending and slightly narrow the fiscal deficit. It may also marginally slow US growth, thereby benefiting bond performance. This could help curb short-term weakness in the USD, but would pressure emerging market currencies with structural external deficits, including India and Indonesia. (sl/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |