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Good morning from the Financial Times.
Today is Wednesday, November 5th, and this is your FT News Briefing.
U.S.
state and local elections were good to the Democrats,
and Asian stock markets could be entering bubble territory.
Plus, Unicredit keeps stumbling on its journey to become a European banking powerhouse.
I'm Sonia Hudson, and here's the news you need to start your day.
Democrats got some wind in their sales last night.
The party won the races for governor in Virginia and New Jersey.
Both states leaned Democratic in recent presidential elections,
but have chosen governors from both parties in recent years.
Yesterday was the first election of President Donald Trump's second term,
and it could be a national bellwether.