. The action pressured shares in Asian companies related to cryptocurrencies after their US peers fell sharply.
US voters delivered a mixed verdict in midterm elections. Republicans headed for control of the House by smaller margins than forecast while the race for Senate continued. A divided congress “would likely block further bold fiscal moves,” Mark Haefele, chief investment officer at UBS Global Wealth Management, said in a note. For markets, however, “Federal Reserve policy, rather than fiscal policy, will remain the main driver”.
October inflation data will offer clues on the path of Fed tightening. JPMorgan Chase & Co analysts said aOil traded flat after its worst day in nearly a month as US stockpiles grew and Covid outbreaks in China threatened growth.
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