USA: Trump and Obama intensify campaign that defines control of Congress
Midterm elections define who will command Congress for the next two years, with the Senate at 53 to 47 for Republicans and Trump's popularity near a record low.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM INFOMONEY · 2 MIN
Trump and Obama intensify their campaign for the midterm elections in the United States, and the two will go to Ohio and Georgia on Wednesday, according to InfoMoney. The dispute goes beyond the states: the result defines who controls Congress for the next two years.
Today the Republicans have 53 to 47 in the Senate, and the election threatens the small majority that the party has in both the Senate and the House, according to InfoMoney. In other words, a relatively modest turnaround could already change the balance of forces in Washington.
The mood of the electorate is the main obstacle for the government. According to InfoMoney, Trump's popularity is close to a record low, amid dissatisfaction with the high cost of living and the war against Iran. BBC Business describes a dilemma similar to the one Joe Biden faced: the economic data is solid, but voters' mood is negative.
In Ohio, Trump is expected to appear alongside Jon Husted, who is competing for the seat with Sherrod Brown, a former Democratic senator. According to InfoMoney, the dispute in the state is among the closest in the election.
What changes for the investor
The market follows these elections because the result defines how much space the Executive will have to approve its agenda in the following two years. A weaker majority in Congress tends to reduce the predictability of economic decisions, and it is precisely this type of uncertainty that tends to weigh on interest rates, the dollar and assets linked to the Nasdaq. The report does not provide price forecasts or investment recommendations, and the reading of the effect depends on the final result at the polls.
Automatically translated from Portuguese.
