🔸 In the first reaction of the world's financial markets to the results of the mid-term elections of the American Congress and the victory of the Democrats, the value of stocks in European transactions rose and the dollar weakened against the main currencies in the world.
On Wednesday, November 4, the Stocks 600 index of 600 large European companies rose half a percent. US stock markets also recovered some of the losses after the initial decline in pre-opening trading.
Conversely, the value of the shares of several large American technology companies, including Amazon, Microsoft and Alphabet, fell in European trading. According to the Reuters report, the biggest losses were related to the shares of Tesla and SpaceX, two companies owned by Elon Musk, which fell by about 4.5%-5% on the European trading platform TradeGate.
Investors are concerned that Democratic control of Congress will lead to tighter oversight and regulation of the AI industry, which will affect investment in the sector. In the foreign exchange market, the dollar weakened against the euro, the British pound, the Japanese yen and the Swiss franc. The largest decrease in the value of the dollar was against the Swiss franc, which reached about 0.6 percent.