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US vote seen as referendum on Trump; Democrats gain ground even where they lose

a sign on a sidewalk in front of a building
Photo by Oxana Melis on Unsplash

Tens of millions of Americans have cast ballots in key polls that are being framed as a referendum on Donald Trump's presidency. Voter anger reportedly centres on surging petrol prices, tariffs and the Iran war. France 24 discussed the first results with Kethevane Gorjestani and Fraser Jackson. One speaker said the swing towards the Democrats has been significant even in places where they did not win.

📊 What it means for markets

Political shifts like this can draw investor attention to the US dollar and US stocks, as expectations about trade and energy policy may change. Oil and fuel-linked markets may also react to the price concerns cited. Effects on gold, EUR and crypto are usually less direct and harder to predict.

Source: France 24

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