European stock index futures fell as Democrats won control of both chambers of Congress in the US midterms, a potential setback for stocks given the prospect of tighter regulatory scrutiny, particularly of technology and artificial intelligence companies.
Voters named the cost of living a top issue. In Ohio, the Democrat who ran on grocery, gas and electric bills beat Trump’s Senate pick.
Talarico is the first Democrat to win a Senate race in Texas since 1988, carrying suburban counties Trump won two years ago.
Treasuries rallied ahead of the Treasury’s quarterly issuance plans, with traders reacting to the first vote counts from the midterm elections which favored the Democrats.
House lawmakers say they’ll probe the president’s moves to buy out wind leases, exempt oil drillers from environmental laws and hollow out key government agencies.
