Gains in Bitcoin and Stocks Prior to Trump Taking Office – Europe Market Wrap

US equities futures trade in a limited range as the Dollar falls ahead of Trump’s inauguration. Bitcoin’s price reached a record high.

Trump is set to issue a slew of executive orders on his first day in office, including directives on immigration, tariffs, and energy, as part of a broad push to immediately enact his policy agenda. While many investors anticipate that these actions would be beneficial to business, they will also add an element of uncertainty.

Even before taking office, Trump is influencing markets. His promise to use emergency powers to enhance domestic energy output while turning away from renewable sources caused shares of various energy companies to fall.

Futures, the S&P 500, and the Nasdaq 100 were barely moved with Wall Street being closed for the holiday on Monday. The Dollar index fell for the first time in three days, although it remained close to the 13-month high set earlier this month. The Europe Stoxx 600 index remained stable after erasing a slight rise at the start.