European Stocks Rise, Dollar Weakens Ahead of Trump Inauguration

European equities and US equity futures advanced, while the US dollar declined ahead of Donald Trump's inauguration. Bitcoin surged to a record high.

Key Points:

* Markets anticipate Trump's issuance of executive orders on immigration, energy, and tariffs.
* Investors expect business-friendly policies but also recognize the potential for unpredictability.
* Trump's plan to prioritize domestic energy production sparked declines in energy stocks.
* Bitcoin rose after Trump and Melania unveiled memecoins.
* The Stoxx Europe 600 index gained 0.1%, led by technology stocks.
* The dollar index slipped, but remains near its 13-month high.
* Analysts predict potential for fiscal stimulus and higher Treasury yields.
* Trump's stance on technology and climate change may impact investment decisions.
* TikTok restored service in the US as Trump halted enforcement of a law requiring its sale.
* Vice President Han Zheng met with Elon Musk and other US business leaders.
* The World Economic Forum annual meeting begins this week, with Trump scheduled to address attendees virtually.
* Economic data to watch this week includes UK jobless claims, Canada CPI, and Bank of Japan's rate decision.

Market Movements:

* Stoxx Europe 600: Up 0.1%
* S&P 500 Futures: Flat
* Nasdaq 100 Futures: Up 0.1%
* Dow Jones Industrial Average Futures: Flat
* MSCI Asia Pacific Index: Up 1%
* MSCI Emerging Markets Index: Up 0.9%

Currencies:

* Bloomberg Dollar Spot Index: Down 0.1%
* EUR: Up 0.3% to $1.0308
* JPY: Flat at 156.29 per dollar
* CNY: Up 0.2% to 7.3260 per dollar
* GBP: Flat at $1.2178

Cryptocurrencies:

* Bitcoin: Up 4.3% to $107,991.4
* Ether: Up 4.4% to $3,372

Commodities:

* Brent Crude: Down 0.3% to $80.52 per barrel
* Spot Gold: Up 0.1% to $2,706.52 per ounce

Disclaimer: This information is provided for general informational purposes only and should not be construed as investment advice.