TradeSignalosRoy Cooper wins North Carolina Senate seat for Democrats
Roy Cooper, North Carolina's former governor, has been elected to the US Senate. It is the first time in 10 years that the state has sent a Democrat to the upper chamber of Congress. He defeated Michael Whatley, a former chair of the Republican National Committee. Cooper campaigned mainly on lower costs. He will succeed Thom Tillis, the outgoing senator.
📊 What it means for markets
Senate results like this are usually treated as political news with limited direct effect on markets. Changes in Senate makeup can shape expectations for future policy, which may affect the USD and US stocks at times, but a single seat result often has little immediate market impact.
Source: The Guardian
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