European markets open in the green after US midterms

By Jeff Davies

European stock markets opened with gains on Wednesday, following the results of the midterm elections in the United States, where the lower house of Congress was taken over by the Democratic Party, while the Senate remained under Republican control, in line with most projections. Later in the day, the Italian government will face a vote of confidence. Market watchers were also digesting data on German industrial production, while a report on the retail sales in the European Union is due during the session.

The DAX was up 0.98% after the opening bell. Medical equipment producer Fresenius Medical Care surged 7.04% at 8:22 am GMT.

FTSE 100 increased by 1.06%. Chilean conglomerate Antofagasta was the best performer, climbing 2.02% at 8:12 am GMT.

French CAC 40 added 1.11%, as environmental firm Veolia led the gains, increasing 2.95% at 8:17 am GMT.

The euro jumped 0.45% against the US dollar, selling for $1.14692 at 8:22 am GMT.

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