Global Markets React to US Election Results: Equities Rally, Oil and Sovereign Yields Fall

Global financial markets saw significant movements on November 5, 2026, following the US election results. US equities rallied, with the S&P 500 gaining 1.6% and the Nasdaq 1.4%, as the outcome reduced political uncertainty. European sovereign yields fell sharply, and US Treasuries rallied, pushing the 10-year Treasury yield to around 4.9%. Energy markets reacted strongly, with Brent crude falling nearly 9% below $95/bbl, driven by investor expectations of de-escalation in the US-Iran conflict.