{"id":37268,"date":"2022-11-09T16:38:00","date_gmt":"2022-11-09T16:38:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=37268"},"modified":"2022-11-10T00:41:57","modified_gmt":"2022-11-10T00:41:57","slug":"market-wrap-election-deadlock-remains","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/market-wrap-election-deadlock-remains\/","title":{"rendered":"Market Wrap &#8211; Election deadlock remains"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"37268\" class=\"elementor elementor-37268\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0e42bcc elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0e42bcc\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-715f908\" data-id=\"715f908\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4184147 elementor-widget elementor-widget-text-editor\" data-id=\"4184147\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>Financial markets are trading in the red on Wednesday as the deadlock in the US midterm election basically been no clear winner right now.<\/p><p>Republicans and Democrats are in a very tight race for control of the US Congress, as counting continues following the midterm elections.<\/p><p>Most financial market pundits would favour a red win, however, it is very close. But still, Republicans are favoured to win the House of Representatives.<\/p><p>The fight for the Senate is on a knife-edge, and this why we are seeing red shoots today and some minor strength in the <a href=\"https:\/\/bit.ly\/3UagSV4\" target=\"_blank\" rel=\"noopener\">greenback<\/a> as <a href=\"https:\/\/bit.ly\/3f4oUic\" target=\"_blank\" rel=\"noopener\">treasury yields<\/a> recede.<\/p><p>Earlier today Democrats gained a key Senate seat in Pennsylvania and the results of several other close races are yet to be called.<\/p><p>Currently exit polls suggest the economy and inflation were the biggest concerns for voters. The US CPI report for October is scheduled tomorrow and it remains the last big event on the economic docket.<\/p><p>Look at the US Congress it is made up of two parts, the House of Representatives and the Senate. All 435 seats in the House of Representatives and 34 of the 100 seats in the Senate were up for grabs.<\/p><p>Basically, Members of the House represent their local populations and Senators represent the interests of their states. If Democrats lose control of either the House or the Senate,\u00a0Republican can block the current administrations plans. Financial markets know this.<\/p><p>Former president Donald Trump, who is expected to announce he will run for president in 2024, has seen some of his endorsed candidates fail. This could lead to a tighter race with Ron Desantos for the 2024 leadership of the Republican Party.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Financial markets are trading in the red on Wednesday as the deadlock in the US midterm election basically been no clear winner right now. Republicans and Democrats are in a very tight race for control of the US Congress, as counting continues following the midterm elections. Most financial market pundits would favour a red win, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":37270,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[67,728,71],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Market Wrap - Election deadlock remains - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/market-wrap-election-deadlock-remains\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Wrap - Election deadlock remains Market Wrap - Election deadlock remains\" \/>\n<meta property=\"og:description\" content=\"Financial markets are trading in the red on Wednesday as the deadlock in the US midterm election basically been no clear winner right now.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/market-wrap-election-deadlock-remains\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-09T16:38:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-10T00:41:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/11\/GettyImages-85635538.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"479\" \/>\n\t<meta property=\"og:image:height\" content=\"310\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Market Wrap - Election deadlock remains Market Wrap - Election deadlock remains\" \/>\n<meta name=\"twitter:description\" content=\"Financial markets are trading in the red on Wednesday as the deadlock in the US midterm election basically been no clear winner right now.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-election-deadlock-remains\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/market-wrap-election-deadlock-remains\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"Market Wrap &#8211; 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