European stocks rotate after US midterm defeat
A Democratic win brought a sharp shift in European markets, with bank shares rising and chipmakers falling amid concerns about demand from data centres.
Banks rallied while chip stocks sank in what Euronews described as one of the year’s sharpest rotations in Europe. Euronews
US-Iran developments and the midterm election fallout remained in focus for markets, investingLive said, while a Democratic Congress could constrain fiscal expansion and weigh on growth. investingLive