US Midterms Drive Risk-On Open; European Stocks Rise, Yields Fall

European equities opened higher and core bond yields fell as investors positioned for the US midterm elections, with the Stoxx 600 up 0.46% and the 10-year UST yield dropping to 4.92%. Asian markets were mixed, with Tokyo down 1.42% on tech weakness while Chinese stocks gained. The move suggests markets are pricing a potential shift in US fiscal policy, though the outcome remains uncertain.

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