Agencies Synopsis European shares advanced after Democrats secured both chambers of the US Congress, lifting investor sentiment.
Banks and clean-energy stocks led the rally, while Novo Nordisk gained after raising its full-year sales and profit forecasts.
By Anupam Nagar, ETMarkets.com XPeers Schneider Electric Infrastructure Share Price Veto Switchgears & Cables Share Price RMC Switchgears Share Price Nov 04, 2026, 04:17:00 PM IST Follow us European shares advanced on Wednesday, with banking and clean energy stocks leading gains after Democrats secured control of both chambers of the US Congress, while Novo Nordisk rallied after raising its full-year forecasts, Reuters reported.ADVERTISEMENT The pan-European STOXX 600 index rose 0.5% to 0816 GMT.
Germany's DAX and France's CAC 40 also traded higher, while Italy's FTSE MIB outperformed regional peers with a 1.2% gain.
European stock futures had fallen as much as 1.4% earlier in the session before recovering following the Democrats' victory in both the US Senate and House of Representatives.
Investor sentiment also improved after US President Donald Trump accepted the election results, Reuters reported.Clean energy stocks, which have faced pressure from Trump's policy agenda, led sectoral gains.
Strong forecasts from US chipmaker Advanced Micro Devices helped offset concerns that tighter Democratic oversight could prompt artificial intelligence companies to adopt a more cautious approach to technology spending, Reuters reported.Among individual stocks, Infineon and ASML gained more than 1.1% each.
