European shares rose 0.5% after Democrats won control of both chambers of the US Congress, with banks and clean energy stocks among the top gainers. Novo Nordisk climbed 4.6% after raising its annual sales and profit forecasts.
The pan-European STOXX 600 gained 0.5% by 0816 GMT, while Germany's DAX and France's CAC 40 also rose. Italy's FTSE MIB outperformed, gaining 1.2%. Futures had fallen as much as 1.4% earlier before recovering after Democrats captured majorities in the Senate and House and President Donald Trump accepted the election results.
Banks climbed more than 2%, among the top-performing sectors, as investors rotated into domestically focused lenders that had lagged the broader market for much of the year. Clean energy stocks were the biggest gainers: Vestas rose 5%, Orsted gained 7% and Nordex advanced 4.7%.
Novo Nordisk advanced 4.6% after reporting third-quarter adjusted operating profit above expectations and raising its full-year sales and profit forecasts. Tech stocks recovered from early declines to trade 0.4% higher; strong forecasts from Advanced Micro Devices offset concerns that stricter Democratic oversight could make AI companies more cautious about technology spending. Infineon and ASML each climbed more than 1.1%, while Siemens Energy and Schneider Electric were marginally higher.
