- Tuesday's midterm elections could see the Democrats take control of the House of Representatives.
- That could, according to some analysts, be a major boost for Europe's automakers and miners, vicitims of Trump's China trade policies.
- That's because a Democratic house might stifle some of President Trump's more extreme policies, particularly those on trade.
- "With the Democrats favorites to take control of the House and the Republicans the Senate, the next couple of years may be far more difficult for Trump," Stephen Innes of OANDA said.
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European stocks could be surprise winner if Democrats end up winning the House
Assuming the Democrats take the House, it may lead to a pop in stocks in the auto sector, as investors bet on Trump's policy agenda being slowed down.
Tuesday's midterm elections in the US are likely — however they go — to mark a seismic moment in US politics.
While the outcome is difficult to predict, the results could be a particular boon for European stocks. If the Democrats win control of the House of Representatives, as many pundits expect, it might make it far more difficult for the Trump administration to continue along its current policy agenda, and could lead to a possible roll-back of some of the president's more aggressive trade policies.
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