Europe’s major stock markets are expected to open lower on Wednesday. Investors are awaiting the full results of the US mid-term elections and Thursday’s release of US inflation figures for October.
Index futures suggest a decline of 0.36% for the CAC 40 in Paris, 0.39% for the Dax in Frankfurt, 0.34% for the FTSE 100 in London and 0.29% for the EuroStoxx 50.
This hesitation is linked to the wait for the results of the US mid-term elections. At the moment, initial estimates give a lead to the Republicans in the House of Representatives. Edison Research estimates that five seats previously held by the Democrats have swung to the Republican side in the House, the number needed for the party to win a majority. In the Senate, where one-third of the seats are up for re-election, uncertainty remains over the contested states of Pennsylvania, Nevada, Georgia and Arizona.
On Wall Street
The New York Stock Exchange finished higher on Tuesday, with the market betting on an election victory for the Republicans, who are seen as more favourable to investors’ interests.
The Tokyo Stock Exchange ended Wednesday down. The Nikkei index fell by 0.56% to 27,716.43 points and the Topix fell by 0.41% to 1,949.49 points.
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