Yee ha! US mid-term election results are out

Whilst the UK was sleeping on the night of 06 November 2018, it was all Vote, Vote, Vote!

Across the pond as the American people went to the polls in the hotly-contested and important mid-term elections.

And the result?A little bit of a mixed read for President Donald Trump.

So, prior to the mid-terms, the President, a Republican, had control of both houses within Congress (the House of Representatives and the Senate). Both houses have similar levels of power, in that both are required to give their assent if a bill is to pass into law. Important stuff obviously!

With these results just in, the loss of House of Representatives to the Democrats will be a blow to the President and may slow his planned progress during his term, but the extent of loss of seats (around 22 at the time of writing / source: Reuters) is not as high as some had first predicted.

If you're thinking about how this might have affected any money you have invested in UK shares, with no dramatic outcomes from the US elections, the UK markets opened higher by approximately 1% in a largely positive reaction, although with the volatility of the last few months, there is no guarantee that this will last.

Looking forward, its anticipated that the 'Trump bump' (the range of business stimuli injected into the US tax system to boost economic growth and employment), will continue into 2019; however, the effects of these stimuli may well be tailing off when the President reaches Super Tuesday, the US presidential election, on 03 November 2020.