European Markets React to Trump's Inauguration

As the world's attention turns to the swearing-in ceremony of United States President-elect Donald Trump, major European stock markets have shown positive movements. Investors are closely monitoring the event in Washington, DC, alongside the latest reports on German and Swiss producer inflation, which have contributed to the day's trading dynamics.

Market Highlights

The DAX saw an increase of 0.44%, with Commerzbank AG leading the gains by 3.02%. The FTSE 100 added 0.18%, buoyed by a 2.93% jump in Fresnillo plc. France's CAC 40 climbed by 0.31%, with Societe Generale SA surging by 2.52%. The Euro Stoxx 50 improved by 0.32%, thanks to a 2.80% rise in Bayerische Motoren Werke AG.

Currency Movements

In currency markets, the euro strengthened by 1.24% against the dollar, trading at $1.04026 by 5:30 pm CET. Similarly, the pound was up 1.08% against the greenback, trading at $1.23021 at the same time.