Market Reactions to Trump's Inauguration
Winners:
* Euro and Sterling: Strengthened due to Trump's initial decision not to impose tariffs.
* European Equities: Performance improved on optimism about growth and undervalued valuations.
* European Banks: Benefited from relatively low exposure to potential tariffs.
* U.S. Oil and Gas: Prices surged as Trump vowed to increase production.
Losers:
* Mexican Peso and Canadian Dollar: Weakened due to Trump's tariff threats.
* Chinese Yuan: Anticipated to weaken further against the dollar in response to potential tariffs.
* European Equities Exposed to U.S. Trade: Underperformed due to concerns over tariffs.
* Cryptocurrencies: Suffered a setback due to lack of clarity in Trump's policies.
* Bitcoin: Pulled back from record high as Trump's inaugural speech failed to address regulations.