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LIVE MARKETS-Does Democrat rout mean peace could break out?

By Reuters News

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com.

DOES DEMOCRAT ROUT MEAN PEACE COULD BREAK OUT?

As the dust settles in the wake of US voters' full-throated rebuke of President Trump's policies, investors are being pulled in multiple directions by contradictory analyst musings on the election's ramifications.

But one thing seems fairly apparent: a fully present congressional check on executive power is being interpreted as a step toward resolution of the Middle East quagmire.

Exhibit one would be US front-month WTI crude prices , which plunged as much as 8% on easing supply concerns, reflecting a greater likelihood that peace negotiations could yield something substantive.

Supporting that notion, the makers of war machinery are having a bad day. The S&P 1500 Aerospace Defense Index .SPCOMAED, aside from energy .SPNY and chips .SOX sectors, is among the day's biggest losers, last down around 2%.

"Democrats, but also many Republicans, now are aware that Americans do not wish to be involved in an Iran war and are tired of the high oil prices, and that was very much reflected in the election results," Oliver Pursche, senior vice president at Wealthspire Advisors, tells Reuters. "And so there is a belief that there will be a shift in policy toward Iran and the Iran war and that an end could be accelerated."

(Stephen Culp)

EARLIER LIVE MARKETS POSTS:

POST-VOTE DATA DUMP: ADP, TRADE, SERVICES PMI, MORTGAGES CLICK HERE

TECH UP POST ELECTION; DEFENSE SHARES, ENERGY DOWN CLICK HERE

US STOCK INDEX FUTURES RISE AFTER DEMOCRATS WIN BOTH HOUSE, SENATE CLICK HERE

THE EUROPEAN STOCK MARKET ISN'T THE ECONOMY CLICK HERE

AI JITTERS? HISTORY POINTS TO MORE BUMPS AHEAD CLICK HERE

SHIFTS IN POST-ELECTION US STOCK-BOND CORRELATIONS CLICK HERE

BANKS LEAD EUROPE HIGHER CLICK HERE

BEFORE THE BELL: EUROPE MEETS MIDTERMS WITH A SHRUG CLICK HERE

MORNING BID: MARKETS FRET BLUE WAVE WILL DROWN DATA CENTRES CLICK HERE


early snapshot https://fingfx.thomsonreuters.com/gfx/mkt/lgvdbyogbvo/Pasted%20image%201793806988360.png

ADP vs the Labor Department https://www.reuters.com/graphics/USA-STOCKS/znvngrxoxpl/adp.png

Trade balance https://www.reuters.com/graphics/USA-STOCKS/zdpxezxwnvx/tbal.png

ISM services PMI https://www.reuters.com/graphics/USA-STOCKS/mopargqzjva/ism.png

Mortgage rates and demand https://www.reuters.com/graphics/USA-STOCKS/egpbgdoexvq/mba.png

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