BNKEP.XD is trading at €4.62, up 4.68%, after Democrats won control of both chambers of Congress, easing political uncertainty and encouraging investors to rotate into domestically focused lenders.
- The Euro Stoxx Banks index climbed 4.6%, among the strongest sector moves.
- Lower bond yields also supported bank stocks.
- Investors saw a divided US government as limiting potential policy changes and scrutiny of European lenders.