European Markets React to Trump's Second Term

European stocks experienced a mostly lower opening on Tuesday as investors and market participants closely analyzed the initial executive actions taken by the newly sworn-in US President, Donald Trump. Among these actions was a temporary halt on enforcing legislation aimed at prohibiting TikTok's operations within the United States.

World Economic Forum in Focus

Investors are also keeping a keen eye on the ongoing World Economic Forum in Davos, Switzerland. The event boasts an impressive lineup of speakers for the day, including European Commission President Ursula von der Leyen, Chinese Vice Premier Ding Xuexiang, German Chancellor Olaf Scholz, and Ukrainian President Volodymyr Zelenskyy.

Market Movements

Frankfurt's DAX saw a dip of 0.38%, while the Euro Stoxx 50 lost 0.22%. The CAC 40 decreased by 0.21%, and London's FTSE 100 remained flat. In currency markets, the euro was down by 0.39% against the dollar, trading at 1.03755 at 8:58 am CET, and the pound was 0.49% below the dollar, trading at 1.22684 at the same time.

More updates to follow...