European Markets Respond to Trump's Inauguration

Following the inauguration of United States President Donald Trump, major European stock market indexes mostly closed higher on Tuesday. This positive shift was influenced by the upward trend on Wall Street, signaling investor optimism about the new administration's economic policies.

Key Market Movements

The DAX index saw a modest increase of 0.18%, with Siemens Energy AG leading the charge by advancing 3.31%. The UK's FTSE 100 also enjoyed gains, rising by 0.35%, thanks in part to Lloyd's Banking Group PLC's significant jump of 3.99%. Meanwhile, France's CAC 40 grew by 0.53%, bolstered by a 2.66% increase in LVMH Moet Hennessy Louis Vuitton SE shares by 5:36 pm CET. However, the Euro Stoxx 50 remained flat, showing no significant movement.

Currency Stability

At 5:28 pm CET, the euro and the pound sterling were stable against the dollar, trading at $1.04126 and $1.23185, respectively. This stability comes amidst a backdrop of better-than-expected economic assessments from Germany and the Eurozone, further highlighting the region's economic resilience.