Relief in Global Markets Awaiting US Policy Shifts

Al-Taj News – Global markets showed relative relief following the Democratic Party’s victory of a majority in the US Congress, amid expectations that the results will contribute to curbing the repercussions of the economic policies pursued by President Donald Trump’s administration, and paving the way for potential shifts across several economic and trade files.

These developments were reflected in market performance, as US and European stocks rose at the start of trading yesterday, Wednesday, supported by investors’ expectations that the political division in Washington will lead to curbing the passage of broad changes to existing policies, while banking and clean energy stocks recorded notable gains in Europe, with a rise in shares of renewable energy companies that were previously affected by the US administration’s orientations.