Democrats won the U.S. midterm elections with 54 of 98 Senate seats and 228 of 357 House seats, the third time in 50 years that one party took control of both chambers. Donald Trump acknowledged the defeat, said he would accept the results and indicated that he was willing to work with Democrats. His allies nevertheless ruled out any change of course on the war, tariffs and gasoline prices. Markets welcomed the outcome: major European and Asian indexes rose, S&P 500 futures gained 0.8%, Brent crude fell to $102 and Bitcoin climbed to $78,406. Since 1998, the S&P 500 has risen after every midterm election, with an average annual gain of nearly 12% over the period analyzed.
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