Stock market on November 4th: Six points that are important for investors today

The Democrats' election victory was expected, but the day after the midterm elections the markets are rearranging themselves. There are also a number of fresh quarterly figures.

Dusseldorf. The clear victory of the Democrats in the US midterm elections dominated market events on Wednesday. Although the result was so clearly expected in advance, investors worldwide are now drawing their conclusions for the future of the USA. The Dax is around 0.7 percent lower premarket after the index closed slightly in the red at 25,865 points on Wednesday.

There are also significant losses in Asia and US futures on Thursday. It is not easy to say to what extent this is due to the general volatility surrounding tech stocks or the actual election results.

Even before the stock market opens, BMW, Continental, Fresenius and Heidelberg Materials, among others, present their business figures. Vonovia also reports on the third quarter. BMW had corrected the forecast again the evening before. A few days ago, the real estate group Vonovia lowered its targets for 2028. The stock has now recovered its subsequent losses.

At 11 a.m. Eurostat will publish its first estimate of inflation in the euro area for October. In September the inflation rate rose to 3.8 percent. In the US, the ADP jobs report at 2:15 p.m. shows how private sector employment has developed.

1 – Stock exchanges in New York: Dow Jones, S&P 500 and Nasdaq

The most important indices on Wall Street did not find common direction on the day of the US midterm elections. After the significant losses, prices in the technology sector are stabilizing - apart from Apple. Industrial stocks that were most recently in demand came under slight pressure in trading on Tuesday.

The Dow Jones standard shares lost 0.4 percent to 51,786 points.

The broader S&P 500 closed slightly higher at 7,568 points.

The Nasdaq technology exchange rose by 0.8 percent to 25,372 points. The index closed more than ten percent below its record high on Monday and thus entered a correction.

The Nasdaq 100, which tracks the 100 largest non-financial companies with the highest market capitalization, also closed higher on Tuesday.

Initial indicators show a negative reaction on the stock markets to the democratic successes in the midterms. The losses on futures are moderate, however, at significantly less than one percent.

2 – Stock exchanges in Asia

After a public holiday in Japan, the indices there are initially making up for losses. Elsewhere too, tech titles in particular are losing.

The Nikkei is down a good two percent at around 61,700 points, significantly limiting its losses. In the meantime, the Japanese leading index had fallen by more than four percent.

South Korea's leading index Kospi also made up for clear losses from early trading and was later balanced at 5659 points.

The CSI 300 index with the 300 most important Chinese companies on the mainland stock exchanges gains around one percent.

4 – Euro inflation

The European statistics office Eurostat will publish its new flash estimate of the development of consumer prices in the euro zone this morning. In September the inflation rate rose to 3.8 percent.

5 – US Economy

Labor market figures for the USA will be presented on Wednesday. The so-called ADP report is an important indicator of employment levels in the United States. New data on the trade balance and the US services sector are also expected.

6 – DAX numbers

The real estate group Vonovia will present figures for the third quarter on Wednesday. Vonovia had already lowered its targets for 2028 a few days ago. The DAX group's shares then fell, but have since recovered from the losses. The car manufacturer BMW, the tire manufacturer Continental, the healthcare group Fresenius and the building materials group Heidelberg Materials will also present financial results on Wednesday.

7 – Further quarterly figures

The quarterly season also continues internationally. The Danish pharmaceutical company Novo Nordisk and the US ride-hailing company Uber, among others, present figures.