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Nigeria naira held near N1,347 as traders polled by Reuters expect appreciation next week on post-midterm risk-on flows.

Brent crude dropped 1.9 percent to $101.65 as the Democratic midterm sweep and US-Iran peace progress weighed on the war premium that has kept oil above $100.

Analysis: the Democrats' House takeover and seven Senate seats narrow US trade, tariff and rates risk. Here is what it means for Nigeria's exports, debt and policy strategy.

DAX up 1.43%, CAC up 1.40%, FTSE up 1.11% as Democrats' sweep narrows policy risk; Nikkei fell 1.42% and gold jumped 2.87% to about $4,053.

Will Jawando, Junior Ezeonu, Oye Owolewa and Carol Kazeem won offices in the US midterms while Georgia's Segun Adeyina still leads his race, extending Nigerian diaspora political power.

Samsung and SK Hynix fell more than 4.5 percent before recovering as the Democratic US midterm sweep raised, then moderated, fears of binding AI and data-centre regulation.

Democrats won both chambers of Congress in the US midterms, sending markets on an overnight whipsaw before stocks and the dollar recovered as investors priced in veto limits.

JPMorgan strategists expect limited market impact from the US midterm elections as investors price policy gridlock and look past the vote.

Investors head into the US midterm elections watching fiscal policy, Treasury issuance and sector leadership, with Democrats expected to win the House and a heavy earnings week ahead.