EL7.AI
Macro EconomyMedium•5 November 2026•
1 min read

European Stocks Near Record Highs Following US Midterm Results

Key Facts

1European stocks approached all-time highs driven by the results of the US midterm elections.
2Investors bet that a Democratic sweep will restrain White House policymaking that has previously weighed on markets.

European stocks approached all-time highs driven by the results of the US midterm elections held on November 3, 2026. The Financial Times reported that markets are reacting to signs of a Democratic sweep, which is expected to create a shift in congressional control.

Investors bet that the election outcome will restrain White House policymaking that has previously weighed on global markets. This rally follows economic data from November 4, 2026, which showed ADP private employment growth of 86,000 and an ISM Services PMI reading of 54.5.

The market is now looking ahead to the release of US Nonfarm Payrolls and the unemployment rate scheduled for November 6, 2026. Several Federal Reserve officials, including Williams and Bowman, are also slated to deliver speeches on that day.