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“On Tuesday November 6, Americans will go to the polls to vote for the midterm elections and to assess the performance of the Trump administration,” note Rabobank analysts.

Key quotes

“The Democrats have a good chance to gain control of the House of Representatives, but face an uphill battle for the Senate.”

“The midterm elections are not likely to lead to the impeachment and conviction of President Trump. The impact on foreign and trade policy may also be limited.”

“However, domestic policy could return to gridlock if the Democrats take the House of Representatives or the Senate. Still we could see ad hoc coalitions on certain domestic policy issues between the Democrats and the Republicans. In case the Democrats take both the Senate and the House of Representatives we could even see ad hoc coalitions between the Democrats and President Trump.”