geopolitics

Trump to hold rallies in Iowa and Kansas two days before US midterms

Trump campaigns in Iowa and Kansas, Farm Belt states where Republicans must hold Senate seats. Tuesday's vote will decide control of Congress, Reuters reports.

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what happened

President Donald Trump returns to the campaign trail on Sunday with events in Iowa and Kansas, two Farm Belt states where Republicans are defending Senate seats. Reuters reports that polls show Democrats level with or ahead of Republicans in many Iowa races, while Kansas is also unexpectedly close.

On Tuesday, voters will fill 35 Senate seats and all 435 House seats. Republicans currently hold 53 of the 100 Senate seats and a slim House edge. Meanwhile, the Justice Department is investigating a race in Alaska and plans to take a dispute over California mail ballots to the Supreme Court.

why it matters

For markets, the key question is whether Republicans keep control. Losing either chamber would let Democrats block Trump's agenda in his last two years and launch investigations. According to the University of Florida's Election Lab, more than 52 million Americans have already voted, a record for a midterm. A slow vote count could add caution among investors.

market impact

US stocks and the dollar: the midterm result shapes expectations for tax and regulatory policy

tags

instruments

S&P 500US TreasuriesDollar index

sources

  1. Trump heads to Iowa, Kansas for rallies before midterms — Reuters, 1 November 2026 at 11:00 UTC

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