European markets evaluate the focus of Trump 2.0 and Davos
LONDON – European shares opened slightly higher on Tuesday as traders met with the first executive orders signed by newly-elected US President Donald Trump on Monday.
UK FTSE The index opened 10 points higher at 8,531 in Germany DAX 4 points in 21,004, France CAC 40 7 points higher at 7,740 and Italy FTSE MIB Up 44 points at 36,326, from I.G.
Global investors are assessing the potential impact of Trump’s second term after he was inaugurated as the 47th president of the United States on Monday. After the ceremony, Trump signed some of his first executive orders in front of 20,000 supporters at Washington’s Capital One Arena.
Trump issued “Full apologyAbout 1,500 people charged in connection with the January 6, 2021 attack on the US Capitol. He also signed an executive order that effectively halted the implementation of the ban. Tik Tok in the US
Trump said on Monday that 25% tariffs on Mexico and Canada could be imposed as early as February.
Swiss police wait outside the congress center before the World Economic Forum in Davos, Switzerland, January 19, 2025.
Yves Herman | Reuters
In other news, European market investors will be watching this week’s World Economic Forum in Davos, Switzerland. The annual event, which attracts government and business leaders from around the world, will be held on Tuesday.
While some are skipping Davos — the leaders of China, India and several European leaders are absent this year — Trump is set to address attendees by videolink on Thursday.
There are several key talks with EU Commission chief Ursula von der Leyen scheduled to speak at 10:50 Davos time (9:50 am London time) on Tuesday. Shortly thereafter, Chinese Vice Premier Ding Zhuxiang will deliver an opening speech at 11:20.
Follow the CNBC WEF live blog here
German Chancellor Olaf Scholz will speak at the forum at 2:00 p.m. Ukrainian President Volodymyr Zelensky will speak at 2:30 p.m. Russia to end the war.
In the afternoon, South African President Cyril Ramaphosa will give a speech at 3:45 pm Davos time.
No major earnings in Europe Tuesday. Data releases include the UK unemployment rate for November and the ZEW European Economic Sentiment data.
