Markets mixed after president Trump takes office - 21.1.2025

The Dollar weakening has reversed currently. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, ended 1.1% lower on Monday.

Both GBP/USD and EUR/USD reversed their retreating yesterday despite statistics office Destatis report German producer prices declined in December after 0.5% over month growth in November. Both euro and Pound are lower against the dollar currently. USD/JPY reversed its advancing while AUD/USD reversed its retreating on Monday with the yen higher against the Greenback currently and Australian dollar lower.

Futures on three main US stock indexes are up currently with the yield on benchmark 10-year Treasury up at 4.623%. US stock market was closed on Monday for Martin Luther King holiday while President Donald Trump took office and signed a series of executive orders, signaling that he would impose 25% tariffs on imports from Canada and Mexico.

European stock indexes futures are down currently after indexes closed marginally higher on Monday. Asian indexes futures are mixed today with Hong Kong’s Hang Seng index leading losses with shares of several Asian automakers and battery firms lower after US President Trump said he could impose 25% tariffs on Canada and Mexico from February 1.

Brent is down currently. Oil prices ended lower yesterday after President Donald Trump announced plans to maximize oil and gas production, including by declaring a national energy emergency to speed issuing of permits, and rolling back environmental protections. US West Texas Intermediate WTI futures are down currently while there was no settlement for WTI contracts yesterday due to a public holiday . Brent slid 0.8% to $0.15 a barrel on Monday.