Stock markets gained Tuesday, as traders weighed expectations for President Donald Trump’s policies to accelerate economic growth and the threat of tariffs on Canada and Mexico as soon as Feb. 1.
Day 1 saw significant shifts in various areas of governance including immigration, trade & tariffs, AI investment and the reversal of many international agreements
Investors welcomed Donald Trump’s second inauguration, anticipating a pro-business agenda, while remaining wary of his protectionist trade policies, particularly his stance on tariffs.
Trump painted a stark picture of the country’s challenges while promising a “golden age of America”. He emphasized an “America First” agenda, vowing to restore national pride, revive the economy, implement strict immigration policies, achieve energy independence, and address cultural issues.
ASX200 Capital Protected Index Investment
US stocks ended a strong week on a high Friday, as bullish bets on stocks continued just days ahead of President-elect Donald Trump inauguration on Monday, which marks the transfer of presidential power.
The stock market is witnessing a shift from tech stocks to cyclical sectors like financials and energy, driven by strong employment data and inflation concerns.
RIO and Glencore rumours
TSMC
US Bank earnings
potential merger between Rio Tinto (RIO:ASX, RIO:LSE) and Glencore (GLEN:LSE) would create a mining behemoth with significant implications for the global mining industry
US stocks were broadly positive overnight, however the MAG7 concentration worked against the indices to see the market give up that early strength and close lower
Stocks fell overnight, giving back early gains on cooler than expected inflation data, as profit taking continued in the Mega-cap “Magnificent 7” stocks
Stocks closed higher after cutting losses Monday as a jump in cyclical stocks including energy helped offset a rotation out of growth stocks including tech amid growing worries about a Federal Reserve pause just days ahead of key inflation data.
