European Bank Shares Rise 3.7% After U.S. Midterm Results
The Stoxx Europe Banks index rose 3.7% after Democrats won control of both chambers of Congress in the U.S. midterms.
By Michael HennesseyEuropean bank stocks climbed Wednesday after Democrats won control of both chambers of Congress in the U.S. midterms, boosting expectations of a check on the power of the executive branch.The Stoxx Europe Banks index rose 3.7%. The biggest gainers in the sector included Germany'…