Trump will probably seek to ease inflation and lower prices by drilling for more oil, loosening regulations, reducing federal spending, experts say.
Stocks took a step up after Trump said in a virtual address to the World Economic Forum that he would “demand that interest rates drop immediately.”
Asia-Pacific markets mostly rose Tuesday, as investors awaited greater clarity on policies of U.S. President Donald Trump following his inauguration. Australia's S&P/ASX 200 advanced 0.66% to end the day at 8,402.40.
Traders should keep watch on US Retail Sales data on Thursday, as it could increase volatility to Bitcoin price.
Traditionally, Republicans have (at least officially) promoted a laissez-faire approach to the economy that lets the market decide who wins and who loses. Influenced by thinkers such as the economist Friedrich Hayek, the orthodoxy considered centralized economic decision makers to be highly fallible.
Since taking office Jan. 20, Trump has threatened still more tariffs, proposing 25% on goods from Mexico and Canada, an additional 10% on China and 25% on Colombia after that country initially refused deportation flights from the U.S. (He walked back the Colombia tariff threat.)
Several flights and trains stood delayed from the Indira Gandhi International Airport on Friday from New Delhi due to the persisting foggy weather. The minimum temperature recorded in the city as per the Indian Meteorological Department (IMD) was 11 degrees Celsius.
The Canadian dollar was slightly softer on Tuesday, as financial markets continued to try and make sense of shifting tariff-talk from United States President Donald Trump. The Canadian dollar settled at US$0.
U.S. President Donald Trump's return to the White House has been met with both relief and disappointment across world markets as investors try to work out what the next four years will bring.
Let’s be frank: regardless of your opinion of Donald Trump or his proposed policies, his Presidential election win over Democrat candidate Kamala Harris on 5 November 2024 was nothing short of remarkable. It was a sweeping victory, and Trump returns to the White House today.
The People's Bank of China has announced that it would leave key interest rates unchanged. Following a meeting of the Monetary Policy Committee, a decision was made by the central bank to maintain its one-year loan prime rate at 3.1%. The five-year LPR also remains unchanged at 3.6%.