(CercleFinance.com) – European stock markets are down on Wednesday (-0.4% in London and Paris, -0.9% in Frankfurt), against a backdrop of uncertainty still surrounding the results of the Congress renewal elections (mid-terms) across the Atlantic.
‘According to the first results of the midterm elections in the United States, the Republicans are ahead in the House of Representatives while the Democrats could keep control of the Senate’, underlines Kiplink Finance.
The management company also notes that according to some analysts, a Congress with a Republican majority would prevent the implementation of stricter regulation for sectors such as technology or health or new massive budgetary expenditure.
“In addition, the Republicans intend to perpetuate the tax cuts decided by Donald Trump in 2017, in particular those granted to companies on which the Democrats have tried unsuccessfully to reverse for two years”, she continues.
While waiting to see more clearly on the file of American politics, investors arbitrate between the many quarterly publications of the morning in Europe, sanctioning for example those of Ageas (-3%) and KBC (-7%) in Brussels.
In Frankfurt, the results of Commerzbank (-7%) received an icy reception, but those of Lanxess (-4%) and E.ON (-2%) were also coldly received, while Adidas and Siemens Healtheneers manage to float after their publications.
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