Global markets are under pressure as early U.S. midterm results point to gains for the democrats. Republicans face a challenge to their control of congress, with the senate race still too close to call. The developments have triggered a selloff in U.S. stock futures, while the dollar has weakened and treasury bonds have rallied.

US midterms: $1.48 bn wagered on US midterm elections 

Democrats scored major victories in the US Senate races, flipping key seats in Ohio, Texas, Iowa and Kansas. The results mark a significant shift in traditionally Republican territory and helped Democrats secure control of the Senate.

US midterms: Democrats flip key senate seats in Ohio, Texas, Iowa and Kansas

Democrats seized full control of the U.S. Congress in the 2026 midterm elections, capturing both the Senate and the House of Representatives in a historic wave that flipped key Republican seats across the country. The outcome stands as a direct rebuke to President Donald Trump's legislative agenda and marks a spectacular failure for tech billionaire Elon Musk, who poured a record-breaking $445 million into Republican political campaigns to protect the GOP majority.

US Midterms: Musk's $445 Mn push fails to protect GOP majority

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