Trump’s inauguration is expected by executive orders

Investing.com – The inauguration of US President-elect Donald Trump is expected to take center stage on Monday, as traders look for more clarity on the potential impact of his sweeping policies. Trump is expected to issue several executive orders in the opening hours of the new administration’s multi-pronged administration. Elsewhere, TikTok is starting to bring the service back to the US as Trump says the app needs to be kept in the country, while the value of memecoin rises.

1. Trump’s inauguration

Donald galaotega will be sworn in as the 47th president of the United States in Moshupologo.

As he prepares to return to the White House, Trump has promised to sign a wave of executive orders on his first day back in office as part of the first step in fulfilling his campaign promises.

Trump is expected to announce more than 200 of these actions, which are legally binding but still subject to legal review. The directives are intended to affect many issues, including immigration, environmental regulations, and various trade policies.

Another important step would see Trump begin deporting illegal immigrants. Media reports indicated that Trump, who has vowed to implement America’s largest deportation program, will call for strikes in several major cities in the early days of his second term in office.

Investors have been waiting for more clarity on Trump’s plans, especially the potential impact on inflation and the Federal Reserve’s interest rate cuts this year. Markets must be closed on Monday in observance of the Martin Luther King Jr. holiday.

2. TikTok begins to restore services in the US

TikTok began restoring services for its 170 million users in the United States on Sunday, as President-elect Donald Trump promised to revive access to the short-form video platform upon his return in power.

TikTok’s return came more than 14 hours after the service was suspended due to a national security law requiring it to divest itself of its Chinese owners or shut down its operations in the US.

Speaking at a rally on Sunday, Trump said “we have to preserve” the popular app, which has targeted US officials over concerns that it could be used by the Chinese government to track or spy on American users.

Before the event, TikTok issued a message saying “it’s back in the US”, and thanked Trump profusely.

Trump said he would give TikTok a 90-day reprieve before the ban goes into effect, adding that he would like the US to have a “50% joint venture ownership level”.

3. Trump memecoin defaced after Melania’s wife introduced an opponent’s symbol

Trump’s new cryptocurrency soared before the inauguration, but retreated in value after US First Lady Melania Trump unveiled her token.

“My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING!” Trump wrote in a post on his social media platform Public Truth.

The crypto industry has been boosted since Trump won the election in November, with supporters hoping he will help usher in a new era of digital asset adoption. Trump, who previously called it a “scam”, has promised that America will become the “crypto capital” of the world once he returns to office.

$Trump memecoins, which started trading at $10 each, traded above $70 on Sunday, according to CoinMarketCap. But it based some of these benefits after the introduction of his wife, $Melania’s coin.

In the meantime, Bitcoin notched a fresh record high on Monday, adding that it is forecast for the price of the most popular cryptocurrency in the world since Trump won the election.

4. Rewards this week

Investors hoping for another strong year in equity markets driven by US corporate profits will get a clearer picture this week, with a series of companies set to report fourth-quarter earnings.

The reports come from giant Netflix (NASDAQ:), health care leader Johnson & Johnson (NYSE:), consumer goods powerhouse Procter & Gamble (NYSE:), and a credit card issuer. American Express (NYSE: ).

Earnings season started last week when major banks posted strong profits. Strong and robust stock market activity has boosted trading income for many Wall Street traders.

In general, analysts expect companies to report an annual increase of 10.4% in earnings for the fourth quarter, according to LSEG IBES data from January 15, cited by Reuters.

5. Oil dips

Oil prices fell to a low on Monday, as traders risked falling off the table ahead of Donald Trump’s inauguration.

At 03:51 ET, US crude futures (WTI) were down 0.4% at $77.11 a barrel, while the contract was down 0.4% at $80.47 a barrel.

Trump is set to take the reins later Monday, and is expected to make a series of policy announcements immediately. These could include the reduction of sanctions on Russia’s energy sector in exchange for an agreement to end the conflict in Ukraine.

Oil is up 10% so far this month, amid concerns about the impact of further Western sanctions on Russia’s impunity.