Trump's Inauguration Sends Ripples Through Markets

US Equity Futures Slip, Bitcoin Soars

In anticipation of Donald Trump's inauguration, US equity futures have experienced a slight decline, while the US dollar has weakened. Bitcoin, on the other hand, has surged to a record high.

Executive Orders Anticipated

Market participants anticipate a flurry of executive orders from Trump on his first day in office, addressing immigration, tariffs, and energy. These measures are expected to be business-friendly but may also introduce volatility.

Trump's Market Impact

Even before taking office, Trump's policies have impacted markets. His plans to boost domestic energy production have led to declines in renewable energy stocks.

Asian Stocks Gain

Trump's conversation with Chinese President Xi Jinping has buoyed Asian stocks, despite his controversial stance on trade and other issues.

Dollar Retreats, Treasury Yields Elevated

The US dollar has slipped, but remains close to its 13-month high. Fiscal stimulus measures from Trump could support further dollar strength and elevate Treasury yields.

Interest Rate Speculation

Some experts predict that Treasury yields could rise to 6% this year, while others anticipate an increase in interest rates by the Federal Reserve.

Sector Impacts

Trump's policies on technology, climate change, and other issues will likely affect investment decisions in various sectors, such as semiconductors, electric vehicles, and shipbuilding.

Risk Appetite Increases in Asia

Trump's discussions with Xi have sparked confidence in Asia, leading to an appetite for riskier assets.

Economic Events to Watch

* World Economic Forum in Davos, Switzerland
* Swearing-in of Donald Trump as US President
* UK jobless claims and unemployment report
* Canada and New Zealand consumer price index releases
* Malaysia central bank rate decision
* South Africa retail sales and consumer price index announcements
* ECB President Christine Lagarde's speech at Davos
* South Korea GDP report
* Eurozone consumer confidence index
* Turkey and Norway central bank rate decisions
* Canada retail sales report
* Japan consumer price index release
* India, Eurozone, and UK purchasing managers' index (PMI) reports
* Speeches by ECB President Christine Lagarde and BlackRock CEO Larry Fink at Davos

Market Movements

* S&P 500 futures: -0.1%
* Nasdaq 100 futures: Flat
* Dow Jones Industrial Average futures: Flat
* Stoxx Europe 600: -0.2%
* MSCI World Index: Flat
* Bloomberg Dollar Spot Index: -0.2%
* Euro: +0.4%
* British pound: +0.2%
* Bitcoin: +3.3%
* Ether: +2.6%
* 10-year Treasury yield: Unchanged
* 10-year German government bond yield: Unchanged
* 10-year UK government bond yield: +3 basis points
* West Texas Intermediate crude oil: +0.4%
* Spot gold: +0.2%