What markets make of the midterms

What's behind this

The midterm elections delivered a verdict against former President Donald Trump, with Democrats winning control of both the House and the Senate and flipping at least seven Republican‑held Senate seats, including those in Texas, Ohio, Iowa and Kansas. The Republican rout is described as a potential reshaping of American politics and its global engagement. Analysts say Democrats must now use their victory to influence policy and improve lives. In the aftermath, Indian MP Shashi Tharoor called Trump a ‘lame‑duck’, and Trump ally Harmeet Dhillon resigned as civil‑rights chief.

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