Expectations of a Democratic sweep of Congress are heating up and roiling financial markets! US stock futures, the dollar, Bitcoin and copper prices are all under pressure in tandem, while US Treasuries are instead drawing safe-haven demand.

Zhitong Finance APP has learned that preliminary results of the U.S. midterm elections show that the likelihood of the Democratic Party winning majority seats in both chambers of Congress is rising. This risk is spreading to financial markets. Futures for the three major U.S. stock indexes all fell - as of press time, Dow futures were down 0.83%, S&P 500 index futures were down 1.23%, and Nasdaq futures were down 2.14%. The dollar also weakened in tandem, falling 0.47% to 101.39. U.S. Treasuries rose - the 10-year Treasury yield fell 5 basis points to 4.899%; the 30-year Treasury yield fell 3.4 basis points to 5.290%. Bitcoin edged lower, trading at $76,000. Copper prices fell for a second consecutive trading day.