U.S. midterm elections

European markets are heading for a mixed open on Tuesday as global investors look to the United States, where midterm elections are taking place.

stock futures](https://www.cnbc.com/2022/11/07/stock-market-futures-open-to-close-news.html) were flat Monday evening following a positive day for markets stateside. [Stocks in the Asia-Pacific](https://www.cnbc.com/2022/11/08/asia-pacific-stocks-set-to-rise-bank-of-japan-summary-of-opinions-us-midterm-elections-ahead.html) traded mostly higher early Tuesday morning while [U.S. [CNBC Pro subscribers can read more here.](https://www.cnbc.com/2022/11/08/morgan-stanley-on-market-rally-and-stocks-to-buy.html) [CNBC Pro subscribers can read more here.](https://www.cnbc.com/2022/11/08/gold-prices-xau-to-rally-in-2023-ubs-says-and-offers-attractive-risk-reward.html) [Follow CNBC's live coverage of the midterm elections here](https://www.cnbc.com/2022/11/07/midterm-elections-2022-live-updates-biden-obama-clinton-rally-for-democrats.html) Investors are also looking ahead to Thursday's U.S. The elections will determine which party will control Congress and could affect the direction of future spending. [throwing cold water on the concept of a Fed pivot](https://www.cnbc.com/2022/11/02/real-time-updates-of-big-fed-rate-hike-and-jerome-powells-news-conference.html), I still believe the equity market will rally into year-end," Slimmon, senior portfolio manager at Morgan Stanley Investment Management, told CNBC's "Street Signs Asia" Friday. [midterm elections are taking place.](https://www.cnbc.com/2022/11/07/midterm-elections-2022-live-updates-biden-obama-clinton-rally-for-democrats.html) [signal greater support of oil and gas companies](https://www.cnbc.com/2022/11/05/the-market-could-be-anticipating-a-republican-sweep-of-congress-in-tuesdays-election.html). Democrats currently control the House, and have a majority in the Senate. consumer price index report, which will give further insight into the Federal Reserve's efforts to squash inflation.