fxs_header_sponsor_anchor

News

US stocks tend to do well if the Republicans win control of both the Senate and the House – SocGen

This week's focus will be on the US mid-term elections on Tuesday. Economists at Société Générale expect equities to go up if the Republicans win control of both the Senate and the House.

Victory for the GOP could have negative ramifications for the Euro

“The US midterms could have an important say on equities and by extension high beta currencies. If history is a guide, US stocks tend to do well if the Republicans win control of both the Senate and the House.” 

“Victory for the GOP could have negative ramifications however for the Euro if Washington decides to whittle back financial/ military support for Ukraine.”

“If stocks can hold their ground/stretch gains on a Republican victory in Congress tomorrow with control of Senate and the House, then the Dollar may well have reached a turning point, with carry staging a tentative return.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.