Consequences for the stock exchange courses are predominantly positive

New York, Dusseldorf After a turbulent stock market year, investors are hoping for support from the USA. The congressional elections took place here on Tuesday. And in the past, the so-called midterms were often the starting point for a stock market rally.

The votes are still being counted. What is certain, however, is that the predicted landslide victory for the Republicans did not materialize: They gained seats in the House of Representatives, but it is still unclear how the Senate will be composed and how the election will ultimately end.

A split Congress, with at least one chamber going to Republicans, seems likely for the next two years. That would be the preferred scenario for the markets, explains Harm Bandholz, professor of economics at Kiel University of Applied Sciences, who was America’s chief economist at Unicredit in New York for many years. Because then “typically no major legislative projects or tax increases could be enforced”.