European stocks and US futures rose, while Bitcoin surged to a new high ahead of Donald Trump’s inauguration. The dollar softened as investors weighed the impact of Trump’s expected flurry of executive orders targeting immigration, tariffs, and energy.
Trump’s pro-growth and protectionist policies are fueling optimism for economic expansion but raising concerns over market unpredictability. Analysts predict higher US Treasury yields and a stronger dollar as inflationary effects unfold.
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Asian markets also gained after Trump’s positive call with China’s Xi Jinping, hinting at smoother trade relations. Meanwhile, energy stocks dipped in Europe, and oil prices remained steady as the market awaits Trump’s energy plans.
The World Economic Forum kicks off in Davos, and global investors will watch for developments, including the Bank of Japan’s rate decision later this week.
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