Stocks soared in London on Wednesday, along with European and US peers, as investors weighed a decisive win for the Democrats over President Donald Trump’s Republicans in the US midterm elections.

The FTSE 100 index closed up 190.78 points, 1.8%, at 10,829.21. The FTSE 250 ended 240.78 points higher, 1.0%, at 24,915.69, and the AIM all-share climbed 6.29 points, 0.8%, at 760.89.

In Europe, the CAC 40 in Paris jumped 2.2%, as did the DAX 40 in Frankfurt.

The mood was similarly buoyant on Wall Street . Around the time of the London equities close on Wednesday, the Dow Jones Industrial Average was up 2.5%, the S&P 500 was 1.4% higher and the Nasdaq Composite advanced 1.5%.

The US elections saw the Democrats win the Senate and the House, taking control of Congress for the rest of Mr Trump’s presidency.

In Senate races, Democrats picked up a string of victories in Republican strongholds including Texas, South Carolina and Kansas.

Barclays Capital analyst Michael McLean said in the House, Democrats may…