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The pan-European Stoxx 600 was up by 0.6 percent with almost every sector in the black.
According to NBC news, the Democrats would win control of the House of Representatives. NBC News also projected the GOP would maintain control of the Senate. Investors will be monitoring the midterms' results to understand what the likely implications of the vote for U.S. policy are.
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The Democrats’ House win creates a hurdle for Republicans to easily pass legislation through both chambers of Congress, clouding the outlook for some of Trump’s key economic proposals.
In equities markets, U.S. S&P500 futures ESc1 last traded 0.1 percent higher and MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS were up a similar amount, but they were far off highs hit earlier.
• Japan’s Nikkei ended lower in volatile trade on Wednesday as investors assessed the policy impact of U.S. midterm elections, in which Democrats won control of the House of Representatives.
The Nikkei share average fell 0.3 percent to 22,085.80 points, after traversing positive and negative territory.
• Stocks in China rose in a volatile session amid continued pledges of support for private firms by Beijing, and as investors kept an eye on the outcome of U.S. midterm elections.
At the midday break, the Shanghai Composite index was up 6.93 points or 0.26 percent at 2,666.28.
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