Democrats win control of US Congress in midterm rebuke to Trump
Democrats have won control of both the Senate and the House of Representatives in the US midterm elections, ending unified Republican control in Washington. Australian markets dipped as investors prepared to digest the outcome, while attention turns to what a divided Congress means for Donald Trump's agenda, trade, and defence oversight. Also in this briefing: Major banks lift mortgage rates in full after RBA cash rate hike; Writs issued for Victorian election as three-way campaign formally starts; TGA approves Australia's first daily GLP-1 weight-loss pill.
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Democrats seized control of both United States congressional chambers following key flips in Texas and the Carolinas.
Wall Street surged following the midterm election results, with the Dow Jones jumping over fifteen hundred points.
The Reserve Bank lifted Australia's cash rate to an eighteen-year high of four point eight five per cent.
Major Australian banks will pass on the latest interest rate hike in full to variable mortgage borrowers.
Victoria's state election campaign launched into a three-way contest alongside Labor, the Coalition, and One Nation.
Australia approved its first daily weight-loss pill, requiring strict fasting and costing up to five thousand dollars yearly.
- 01Intro1 min
- 02Democrats win control of US Congress in midterm rebuke to Trump: The vote count3 min
- 03Democrats win control of US Congress in midterm rebuke to Trump: Global fallout and policy gridlock2 min
- 04Major banks lift mortgage rates in full after RBA cash rate hike1 min
- 05Writs issued for Victorian election as three-way campaign formally starts1 min
- 06Where things stand1 min
- 07TGA approves Australia's first daily GLP-1 weight-loss pill2 min
- 08Outro1 min
- US stocks surge after midterm elections as Democrats win Congress, ASX set to jump
- US Midterm Elections: Democrats score early wins, weighing on US Dollar
- Democrats seize Republican strongholds as Trump vents
- Stocks dollar slide after some early wins for democrats in us midterm election
- Democrats remain clear favourites to gain control of Congress at midterms as Trump’s ratings slide again
- How the us midterm elections could move 3 key types of asx stocks
- A Stock Market Smackdown Week: Elections, Jobs Data, Iran And Earnings
- ASX 200 Down 0.6% at Close
- Australia Stock Market Index - Quote - Chart - Historical Data - News | Trading Economics
- Interest rates: RBA lifts cash rate to 4.85 per cent, highest since 2008 - LCANews
- RBA interest rates: Bullock says ‘pain now’ will prevent worse later as Reserve Bank hikes rates for fifth time
- RBA lifts cash rate to 4.85 per cent, its highest level since 2008
- Reserve Bank of Australia raises cash rate target to 4.85%
- RBA raises cash rate to 4.85% amid inflation
- Australia's Big Four Banks Pass On RBA's Fifth 2026 Rate Hike, Lifting Variable Mortgages by 0.25 Point — BigGo Finance
- Statement by the Monetary Policy Board: Monetary Policy Decision | Media Releases
- RBA chief admits Australia feels like it’s in recession
- Breaking: RBA raises interest rates to 4.85%, highest in 18 Years - realestate.com.au
- First banks to pass on rates pain revealed - realestate.com.au
- Jim Chalmers is blaming Australia’s accelerating inflation on Trump – but voters aren’t buying it
- Finance News: Latest & Breaking Financial Headlines - Today's Finance News Updates from Australia | 7NEWS
- Investor home loans collapse as rate hikes smash market
- RBA hike squeezes Australian pay packets as growth forecasts weaken
- One Nation volunteer allegedly assaulted with bat
- One Nation Volunteer Assaulted in Torquay Ahead of Victorian Election
- Alleged attack on One Nation supporter not believed to be politically motivated, Victoria police say
- 05 vic three way contests
- Political leaders condemn ‘vicious’ alleged baseball bat attack on One Nation volunteer at his Victorian home
- Volunteer allegedly attacked over One Nation signs
- One Nation volunteer seriously injured in alleged baseball bat bashing
- Man and boy arrested after allegedly attacking One Nation volunteer with bat
- 2026 11 03 statement from the leader of the opposition
- onenation.org.au
- Australia’s first GLP-1 weight-loss pill has been approved. How does it differ to injections and who will be eligible?
- First weight-loss tablet approved for use in Australia
- Australia is set to get a Wegovy pill. How does it compare with weight-loss injections?
- newsGP - TGA approves Wegovy weight-loss pill
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