Hardware Ready Ready to Bench?
On November 4, 2026, Piazza Affari closed trading with a 2.18% rise for the Ftse Mib index. This reaction coincided with the US midterm elections, during which Democrats regained control of Congress. On Wall Street, the Dow Jones recorded a gain of 3.03%, closing at 53,356.12 points. The S&P 500 rose by 1.58% to 7,688.62 points, while the Nasdaq marked an increase of 1.44% to 25,736.51 points.
Why it matters
The election outcome altered expectations regarding US fiscal policy. Lin Li of MUFG Bank observed that a budget stalemate could reduce forecasts for new fiscal expansion, with effects on bond yields and the American currency. In this context, the euro/dollar exchange rate returned above the 1.12 threshold. The market interpreted the Democratic victory as an element limiting White House fiscal policies and reducing fears of new commercial tensions with Europe.
The numbers
On the commodities front, oil prices suffered a significant decline. Brent fell by 8.59%, closing at $94.70 per barrel; this is the first drop below the $100 threshold since early September. WTI stood at $88.15, with a decrease of 8.26%. Regarding Italian government bonds, the spread between the 10-year BTP and the German Bund narrowed to 107 basis points, starting from a previous quote of 114. The yield on the benchmark 10-year BTP stopped at 4.36%, down from 4.44% in the previous session.
What remains to be understood
Questions remain open regarding the specific impacts of the election results on particular sectors such as artificial intelligence. The outcome of future negotiations on the US public debt ceiling is not yet clear, nor are potential changes to the defense budget in favor of healthcare or energy transition. President Donald Trump stated he was willing to accept the results and collaborate with Democrats, but concrete implications for future economic policies remain to be defined.
Sources: Il Sole 24 Ore Finanza, Il Sole 24 Ore Radiocor Borsa, ANSA Economia, Wall Street Italia, Repubblica Economia.
This article is for informational purposes only and does not constitute financial advice or an investment recommendation.
* Content created with the assistance of artificial intelligence systems.