Reported about 17 hours ago
On the first day of Donald Trump's presidency, financial markets experienced significant fluctuations as investors tried to assess his trade tariff plans. Initial market optimism was shaken when Trump suggested potential tariffs on Mexico and Canada, reversing gains in currencies like the Mexican peso and Canadian dollar. As the market reacted to vague tariff policies, stock indices fluctuated, while Treasury yields dropped amidst unchanged Federal Reserve expectations. The absence of clear direction on tariffs and alternative energy initiatives further impacted markets, with green stocks suffering losses. Overall, investor sentiment remains cautious as they await more concrete details on Trump's economic strategy.
Source: YAHOO