India, Nov. 4 -- German stocks climbed higher Wednesday morning thanks to lower oil prices and softening bond yields and some strong earnings updates.

Meanwhile, investors closely followed political developments after Democrats took control of both houses of Congress in a dramatic win in the U.S. midterm elections, raising uncertainty over tech regulation, trade policy and the U.S. budget deficit.

Tech stocks gained in strength, buoyed by AMD's record third-quarter revenue thanks to strong sales of AI chips.

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