(RTTNews) - Indian shares closed higher on Wednesday, extending gains for a fifth consecutive session as softer oil prices eased inflation concerns and Democrats won full control of the U.S. Congress in a sweeping midterm rout, weighing on the U.S. dollar and Treasury yields.
Democrats swept into power in Congress, with outrage over the cost of living and the war in Iran leading to a thundering rebuke of President Donald Trump and his party. Bloomberg's Stephanie Baker breaks down the situation. (Source: Bloomberg)
Emmanuel Cau, Barclays' European and APAC equity strategy head, discusses the implications of the US midterm election results, saying there will likely be noise and volatility in markets. "There is a bit more room for this rotation out of the Trump winners into a broader part of the market," Cau tells Bloomberg Television. He adds there could be increased appetite for European stocks in particular. (Source: Bloomberg)