{"id":74120,"date":"2026-11-04T03:51:46","date_gmt":"2026-11-04T07:51:46","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/democrats-project-victory-in-us-midterms-as-global-markets-brace-for-middle-east-escalation\/74120\/"},"modified":"2026-11-04T03:51:46","modified_gmt":"2026-11-04T07:51:46","slug":"democrats-project-victory-in-us-midterms-as-global-markets-brace-for-middle-east-escalation","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/democrats-project-victory-in-us-midterms-as-global-markets-brace-for-middle-east-escalation\/74120\/","title":{"rendered":"Democrats Project Victory in US Midterms as Global Markets Brace for Middle East Escalation"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Democrats are projected to seize control of both the US House and Senate<\/strong> in a major midterm shift, potentially stalling President Trump\u2019s legislative agenda and triggering a 5% slide in <strong>Tesla<\/strong> and <strong>SpaceX<\/strong> shares.<\/li>\n<li><strong>Novo Nordisk (<a href=\"\/stock\/NVO\">NVO<\/a>)<\/strong> raised its full-year 2026 outlook after <strong>Wegovy pill sales surged 20%<\/strong> in the US, despite CEO warnings that the broader growth curve has begun to flatten.<\/li>\n<li><strong>Geopolitical tensions are escalating<\/strong> as markets shift focus toward potential US kinetic action against <strong>Iran<\/strong> following reports of defensive strikes in the Strait of Hormuz.<\/li>\n<li><strong>TotalEnergies (<a href=\"\/stock\/TTE\">TTE<\/a>)<\/strong> secured a 15-year deal to supply <strong>900,000 tons of LNG annually<\/strong> to China\u2019s Jiangsu Guoxin Group, starting in 2028.<\/li>\n<li><strong>ADNOC<\/strong> expanded its green energy footprint, securing <strong>$1 billion in financing from the Japan Bank for International Cooperation (JBIC)<\/strong> and entering a framework agreement with <strong>Covestro<\/strong> for carbon management.<\/li>\n<\/ul>\n<h2>US Midterms: A &quot;Blue Wave&quot; Reshapes Washington<\/h2>\n<p>Early results from the 2026 US midterm elections indicate a decisive shift in power, with <strong>Democrats projected to win majorities<\/strong> in both the House of Representatives and the Senate. While results in Alaska and Mississippi remain too close to call, the projected &quot;Blue Wave&quot; has already impacted market sentiment, particularly for companies closely tied to the current administration.<\/p>\n<p>Shares of <strong>Tesla (<a href=\"\/stock\/TSLA\">TSLA<\/a>)<\/strong> and <strong>SpaceX<\/strong> fell 5% on the Tradegate exchange compared to yesterday&#39;s US close as investors reassessed the regulatory and subsidy landscape under a divided government. In response to the shift, Senator <strong>John Thune ([R-SD])<\/strong> has reportedly signaled plans to run for <strong>Senate Minority Leader<\/strong>, preparing the GOP for a transition into the opposition.<\/p>\n<h2>Novo Nordisk Raises Outlook on Wegovy Strength<\/h2>\n<p><strong>Novo Nordisk (<a href=\"\/stock\/NVO\">NVO<\/a>)<\/strong> reported a robust third quarter, driven by a <strong>20% increase in Wegovy pill sales<\/strong> within the United States. The company raised its full-year 2026 sales and operating profit guidance, noting that <strong>80% of new oral patient starts<\/strong> are currently being captured by its products.<\/p>\n<p>Despite the strong numbers, CEO Lars Fruergaard J\u00f8rgensen cautioned that the &quot;curve has flattened&quot; for some segments, while the CFO noted expectations for a <strong>sales decline in US operations<\/strong> offset by international growth. The company revealed that 80% of those starting the Wegovy pill are &quot;GLP-1 naive,&quot; indicating a massive expansion into new patient populations.<\/p>\n<h2>Energy Giants Pivot to Asia and Green Finance<\/h2>\n<p><strong>TotalEnergies (<a href=\"\/stock\/TTE\">TTE<\/a>)<\/strong> continues to deepen its ties with China, signing a Head of Agreement with <strong>Jiangsu Guoxin Group<\/strong> to deliver <strong>900,000 tons of LNG per year<\/strong> for 15 years. The agreement, set to begin in 2028, targets the Rudong terminal to support power generation in China&#39;s second-largest province by GDP.<\/p>\n<p>Simultaneously, the <strong>Abu Dhabi National Oil Company (ADNOC)<\/strong> secured <strong>$1 billion in green financing<\/strong> from the <strong>Japan Bank for International Cooperation (JBIC)<\/strong>. This funding is earmarked for decarbonization projects and follows a separate framework agreement between <strong>ADNOC Trading<\/strong> and <strong>Covestro<\/strong> to explore synergies in energy supply, carbon management, and market intelligence.<\/p>\n<h2>Geopolitical Risks Move to the Forefront<\/h2>\n<p>As the domestic political dust settles, global attention is pivoting toward the Middle East. Reports of <strong>US defensive strikes<\/strong> on Iranian targets in the Strait of Hormuz have put markets on edge regarding the prospect of <strong>US kinetic action against Iran<\/strong> over the coming weekend.<\/p>\n<p>While Saudi Civil Defence reported that danger has passed in the <strong>Najran Province<\/strong>, the broader regional outlook remains volatile. Japanese Chief Cabinet Secretary <strong>Kihara<\/strong> stated that the government is watching market moves with a &quot;high sense of urgency&quot; as energy prices and currency markets react to the dual catalysts of US political shifts and Middle Eastern instability.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Democrats are projected to seize control of both the US House and Senate in a major midterm shift, 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