Mixed market sentiment as Trump's tariff plans impact gold, oil, stocks, and currency

From Investing.com: 2025-01-22 04:49:00

Trump’s tariff intentions are in the spotlight as he announces plans to impose tariffs on China and the European Union. Gold prices continue to climb while oil prices fall after hitting a 7-month high. The dollar remains weak as Trump’s second term begins.

Mixed market sentiment prevails as Trump’s AI investment announcements boost risk sentiment and stock indices. European indices are up, with the German DAX climbing by 5.7% in January. The crypto market sees gains, with Bitcoin and Ethereum leading the way.

The Bank of Japan is expected to hike rates at their upcoming meeting, with an 88% probability priced in. Governor Ueda likely to announce a 25bps rate hike, providing a boost to the yen.



Read more at Investing.com: Markets Adjust to Trump’s Rhetoric