Dollar falls while gold and US Treasury bonds rally as markets react to Democrats’ midterm election victory – business live
Democrats’ capture of Congress raise expectations of tougher regulation of AI sector; US stock futures turn positive, reversing earlier declines And Chris Turner, global head of markets at ING, says: Investors will be parsing what this all means.
Key points
- The chip exporter-heavy stock markets of Korea and Taiwan were briefly down 3-4% overnight on news of the blue wave, but have since recouped all those losses.
- Given AI’s role in powering the US economy, speculation over whether a new Democrat Congress would slow AI capital expenditure plans briefly hit markets.
- Also in this edition, we focus on the central issue of this midterm campaign: the rise in the cost of living.
The dollar hit a one-month low on Wednesday while coming under pressure from falling bond yields, as investors moved into US treasuries, viewed as a safe haven from the political gridlock anticipated during the rest of Donald Trump’s final term in office.
Additional details
- Oil prices meanwhile ticked slightly higher, as uncertainty remains over the direction of US President Donald Trump's war against Iran.
- For example, Gina Hinojosa won the Texas governor’s race on a ticket of wanting an immediate moratorium on data centre buildouts.
- For bond investors, the significance of the midterms is ultimately about what they mean for US borrowing.
- The result makes further significant fiscal expansion harder to deliver through Congress, potentially….
How this summary was made: extractive summary — built from the sources' own reporting. It is drawn only from the reporting of the sources listed below — read the originals for full detail. How we summarize →
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Every article behind this summary — 3 articles from 3 outlets
The Guardian BusinessNovember 4, 2026, 10:41 AM UTC →
France 24November 4, 2026, 10:40 AM UTC →
The Guardian WorldNovember 4, 2026, 9:55 AM UTC →
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