Stock markets move higher after Trump inauguration
Published On Jan 20, 2025, 7:49 PM
US markets in the Asia-Pacific region have risen following Donald Trump's inauguration where he proposed a pro-business agenda. His plans include trade reforms, lower taxes, and cuts to government regulations, which could enhance corporate profitability. Conversely, economists caution that these policies may lead to increased inflation, potentially prompting the Federal Reserve to raise interest rates. Regional stock indices like Japan's Nikkei 225 and South Korea's Kospi saw gains of around 0.4% and 0.6%, respectively.
Stock Forecasts
SPY
Positive
Investors should watch for potential benefits in sectors like financials and consumer discretionary that may thrive under Trump's proposed policies. However, inflation concerns could lead to volatility, influencing central bank actions.
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