A look at the day ahead in European and global markets from Kevin Buckland
Everything that investors feared about another Donald Trump presidency was proven true in the first hours of day one, and currency traders in particular were left with a case of whiplash.
A lack of tariff threats in Trump’s inauguration speech was taken as a green light to sell the dollar. Hours later the new U.S. president surprised with plans for 25% levies on Canada and Mexico from Feb. 1. The and peso plummeted.
The moves mirror the volatility experienced in Trump’s first term as Commander-in-Chief, with markets needing to remain on constant alert. But as was often the case then, Trump’s salvo could turn out to be a negotiating tactic.
Trump has always said he’s a dealmaker and investors may have been heartened by his remarks on TikTok and China that looked like an invitation to the table, and also came with a warning of tariffs if Beijing tried to…
