Asian Stocks to Rise as Oil Prices Fall After US Vote
4 Articles
4 Articles
Financial markets reacted with optimism on Wednesday to the Republican Party's defeat in the United States legislative elections. Most of the world's stock exchanges closed the day with gains, while the price of oil registered significant falls, although it remains at levels close to $100 per barrel in the case of Brent, the benchmark crude oil in Europe.
The Democratic victories in the US midterm elections on Wednesday reverberated across global markets: stocks and bonds rose, while oil prices continued to fall.
Leading Western European stock markets closed strongly higher on Wednesday, with the positive sentiment spreading to Wall Street. Frankfurt's DAX rose more than 2.3 percent, while Paris' CAC-40 gained almost 2 percent. In parallel with the stock market surge, the price of Brent North Sea oil fell more than 8 percent, while gold prices gained new momentum.
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