LONDON/SINGAPORE (Reuters) -The dollar drifted lower and global stocks were cautiously positive on Monday as investors awaited a flurry of policy announcements during the first hours of Donald Trump's second presidency and eyed a rate hike in Japan at the end of the week. Trump takes the oath of office at noon Eastern Time (1700 GMT), and promised a "brand new day of American strength" at a rally on Sunday.
Martin Luther King Jr. Day is one of the 13 holidays recognized by the federal government, meaning many businesses and services won’t be operating.
There is optimism about a pro-business, anti-regulation agenda but understandable concern regarding the new President’s unpredictability
Investors are possibly too pessimistic on the likely pace of Fed rate cuts
JPMorgan and BlackRock reshuffled their leadership teams last week.
One night in late October, Whitney Patterson spotted a YouTube video about people buying shares in Trump Media & Technology Group, the U.S. president-elect's social media and streaming company. Patterson had never heard of Trump Media and had never invested in a stock on her own. Patterson said because Trump has vowed to never sell, neither will she.
Investors prepared to welcome Donald Trump's second inauguration, anticipating benefits from his pro-business agenda, while remaining wary of his protectionist trade policies, particularly his stance on tariffs. Trump enters office with an ambitious agenda spanning trade reform, immigration crackdowns, tax cuts and loosening cryptocurrency regulation. "Uncertainty remains the watchword, with everyone alert for answers to questions like whether the threat of tariffs will become a reality or remain a negotiating ploy on day one," said Sam Stovall, chief market strategist at CFRA Research.
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Leasing Options data highlights regional trends and popular EV models
GE Vernova is set to report earnings before the market opens Wednesday as the energy company approaches one year since General Electric completed its split into three separate companies.