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LONDON – European stocks are expected to open slightly higher on Tuesday as traders digest the first executive orders that newly inaugurated US President Donald Trump signed on Monday.
the united kingdom FTSE The index is expected to open 10 points higher at 8,531, that of Germany. DAX up to 4 points until 21,004, France CAC 40 7 more points, with 7,740, and that of Italy MIB FTSE up to 44 points to 36,326, according to IG data.
Global investors will assess the potential impact of Trump’s second term following his inauguration as the 47th US president on Monday. After the ceremony, Trump signed some of his first executive orders before an audience of 20,000 fans at the Capital One Arena in Washington.
Trump issued “full pardons” to approximately 1,500 people who were charged in connection with the attack on the US Capitol on January 6, 2021. He also signed an executive order that effectively stopped the implementation of a law that would prohibit TikTok in the US
Trump also said on Monday that 25% tariffs could be imposed against Mexico and Canada in early February.
Swiss police patrol in front of the Congress Center ahead of the World Economic Forum in Davos, Switzerland, on January 19, 2025.
Yves Herman | Reuters
In other news, European market investors will be keeping an eye on the World Economic Forum in DavosSwitzerland, this week. The annual event, which attracts heads of government and business leaders from around the world, goes into high gear on Tuesday.
While some skip Davos… The leaders of China, India and several key European leaders are absent this year. – Trump will address participants via video link on Thursday.
On Tuesday, there are a series of keynote speeches, and Ursula von der Leyen, head of the European Commission, will speak at 10:50 a.m. Davos time (9:50 a.m. London time). Shortly after, Ding Xuexiang, China’s vice premier, will deliver a keynote speech at 11:20 a.m.
Follow CNBC’s WEF live blog here
German Chancellor Olaf Scholz will address the forum at 2:00 p.m. local time and Ukrainian President Volodymyr Zelenskyy will speak at 2:30 p.m. The forum will be a crucial platform for the president to present Ukraine’s case ahead of the likely pressure from Trump to reach a ceasefire with Russia to end the war.
Later, Cyril Ramaphosa, President of South Africa, will deliver a keynote speech at 3:45 p.m. Davos time.
No important results will be published in Europe on Tuesday. Data released includes the UK unemployment rate for November and the ZEW indicator of European economic sentiment data.
