Democrats projected to win both House and Senate resulting into USD pressure and selling across US equity futures - Newsquawk EU Market Open

US markets reacted to projected midterm results showing Democrats flipping both key chambers, with a 99% chance to win the House and a 100% chance to win the Senate cited by DDHQ. Equity futures were pressured as the “blue wave” outlook supported a softer US dollar (DXY down 0.5%) and generally firmer G10 currencies, while Treasury futures were bid early and the US 10-year yield eased by about 5 bps. The Nasdaq and S&P 500 were hit—NQ down 2.0% and ES down 1.0% at the peak—after big tech/AI weakness. The report also noted the possibility of an unwind as attention pivots back to Iran-related developments.