US Congress goes blue, tech and USD under pressure

Ipek Ozkardeskaya ipekScope

The US midterm elections have gone badly for the Republican camp, with Democrats taking control of the Senate and closing in on a House majority at the time of writing.

Markets are reacting globally.

Asian equities—especially the technology-heavy indices—are down this morning, on fears of tighter scrutiny of the AI trade due to its implications for jobs and the environment. As we discussed earlier this week, the Trump administration has put its full weight behind the AI buildout, as part of its push to bring manufacturing back, Make America Great Again, and win the AI race against China.

Read the full article here.

Author

Ipek Ozkardeskaya

ipekScope

Ipek Ozkardeskaya began her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked in HSBC Private Bank in Geneva in relation to high and ultra-high-net-worth clients.

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