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US Democrats Win Both Chambers of Congress, Affecting Markets and Policy
Democrats won control of both the House and Senate in the US elections, prompting reassessment of fiscal, energy, and AI oversight policies. The ADP private employment report showed an increase of 86,000 jobs in October, with services adding 82,000 jobs and goods-producing businesses adding 4,000. Oil prices fell sharply, with December WTI at $87.79 and January 2027 Brent at $94.56 per barrel. Bitcoin (BTC) and Ethereum (ETH) prices rose, with BTC at $80,465.19 and ETH at $2,415.76, and the total crypto market capitalization increased to approximately $2.71 trillion.