Global Markets Await Impact of Trump’s Executive Orders
As the world adjusts to the new reality of Donald Trump’s second term as U.S. President, European stocks are expected to open with a slight upward trend on Tuesday. The UK’s FTSE index is predicted to rise by 10 points to 8,531, while Germany’s DAX and France’s CAC 40 are expected to increase by 4 and 7 points, respectively.
Assessing the Impact of Trump’s Executive Orders
Trump wasted no time in signing several executive orders on Monday, including a move to pardon approximately 1,500 individuals charged in relation to the January 6, 2021, attack on the U.S. Capitol. He also signed an order effectively pausing the enforcement of a law that would ban TikTok in the U.S. Furthermore, Trump announced that tariffs of 25% could be imposed on Mexico and Canada as early as February.
Davos Takes Center Stage
This week, the World Economic Forum in Davos, Switzerland, will bring together heads of government and business leaders from around the world. Although some notable leaders, including those from China, India, and several European countries, will be absent, Trump is scheduled to address participants via videolink on Thursday. On Tuesday, key speakers will include Ursula von der Leyen, head of the European Commission, and Ding Xuexiang, the vice premier of China.
Economic Data Releases
Tuesday will see the release of the UK unemployment rate for November, as well as the ZEW indicator of European economic sentiment data. While there are no major earnings releases scheduled in Europe, investors will be closely watching the data to gauge the health of the global economy.
A Crucial Platform for Ukraine
The Davos forum will provide a critical platform for Ukrainian President Volodymyr Zelenskyy to present his country’s case ahead of likely pressure from Trump to reach a ceasefire with Russia. Zelenskyy is scheduled to speak at 2:30 p.m. local time, and his address is expected to be closely watched by investors and policymakers alike.
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