European Markets Steady After Democrats' US Midterm Win

European stock markets opened nearly flat Wednesday as investors analyzed the Democrats' sweeping victory in the US midterm elections, a severe rebuke to President Donald Trump. The CAC 40 rose 0.33%, while London's FTSE 100 and Frankfurt's DAX showed minimal changes. The Democrats were poised to take majorities in both the Senate and House, winning in traditional Republican strongholds. Markets fear this "blue wave" could lead to strict regulation of data centers and artificial intelligence, though analysts note Trump's veto power makes such legislation difficult to pass. When the Democratic majority takes effect in January, analysts expect investigations into the Trump administration, including the Iran war, tariffs, and immigration policy. JPMorgan warned that companies linked to Trump, especially big tech, face "investigation risk." Asian tech stocks fell sharply, while European corporate earnings reports drove individual stock movements.