Global markets rally on US Democratic Congress win

ara.cat (Spanish) —

Global stock markets rose Wednesday following the Democratic Party's projected victory in both chambers of the US Congress, with Wall Street indices opening sharply higher. The Spanish Ibex-35 closed up 3%, its best session since April, surpassing 19,300 points, led by banking stocks including Santander, CaixaBank, and BBVA. European markets also gained, with Frankfurt's DAX rising 3.31% and Paris's CAC-40 up 1.96%. Energy markets fell on the news, with Brent crude dropping nearly 9% below $95 per barrel and European natural gas prices declining over 8%. Analysts suggest a Democratic Congress could pressure President Trump to end Middle East conflicts affecting interest rates.


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