The European stocks rose along with US stock futureswhile the dollar weakened before Donald Trump’s inauguration. He bitcoinmeanwhile, shot to a new record.
As EMOL publishes, Trump expected to issue series of executive orders on his first day in officeincluding decrees on immigration, duty and energyas part of a radical effort to quickly implement his political agenda upon taking office. Although many iInvestors hope that these interventions will be favorable to companiesthey will also introduce a note of unpredictability.
«One thing is 100% true: Trump wants to keep the US stock markets in good spirits“, said Dana MalasSEB strategist. «There will be a strong policy focused on growth and business for the United States, with inflationary elements, and abrupt changes are expected under the motto that agreements are about to be broken.
His plan to invoke emergency powers to boost the national energy productionwhile moving away from the renewable sourcescaused falls in Siemens Energy AG, Enel SpA and Vestas Wind Systems A/S. He bitcoin rose up to 5.5% after the president-elect and his wife Melania unveiled their own memecoins over the weekend.
Trump’s conversation with the Chinese leader Xi Jinpingwhich he described as “very good,” boosted Asian stocks. He Stoxx Europe 600 index rose 0.1%, led by technology stocks. Futures and the S&P 500 and Nasdaq 100 were little changed as Wall Street closed on Monday due to a holiday. A gauge of the dollar fell for the first time in three days, although it remains near the 13-month high it hit earlier this month.
The possibility that Trump will implement more physical stimuli…
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