Donald Trump Inaugurated as President of the United States Amid Global Anticipation
Today, the United States witnesses the inauguration of the newly elected president,
Donald Trump, aged 78, as he takes the oath of office at 12 PM Eastern Time (8 PM Saudi Time).
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Trump
Trump is scheduled to deliver his inaugural address inside the Capitol building, attended by
several prominent figures both domestically and globally,
in an event expected to draw wide political and media attention.
This inauguration takes place amid expectations that Trump will begin his term with a series of executive orders,
described by him as “groundbreaking,” reflecting his ambition to make sweeping changes across multiple issues.
Holzmann
European Central Bank Rate Cuts Are Not Guaranteed
Robert Holzmann, a European Central Bank (ECB) member and Governor of Austria’s central bank,
stated to Politico on Monday that cutting interest rates in the eurozone is not certain,
noting that inflation remained above the ECB’s 2% target during December.
Holzmann added that inflation is likely to remain high in January and warned
that a decision to cut rates could harm the ECB’s credibility,
especially if inflation accelerates faster than the bank’s forecasts.
China
Chinese Stocks Rise After Rate Stabilization and Eased Tensions with Washington
Chinese stocks closed Monday’s session higher, supported by the central bank’s decision to maintain interest rates to stabilize the yuan,
in addition to easing concerns over trade tensions between Washington and Beijing.
The CSI 300 Index closed up 0.45% at 3,829 points,
while the Shanghai Composite Index settled at 3,244 points, and the Shenzhen Composite Index rose 0.97% to 1,935 points.
In Hong Kong, the Hang Seng Index climbed 1.75% to close at 19,926 points.
This rally followed a phone call between Chinese President Xi Jinping and U.S. President-elect Donald Trump,
where they discussed issues such as the TikTok ban, trade relations, and the Taiwan issue, helping to ease tensions.
Meanwhile, the People’s Bank of China kept interest rates on one-year and five-year loans unchanged at 3.1% and 3.6%,
respectively, for the third consecutive time, citing limited monetary easing options due to pressure on the local currency.
Following this decision, the Chinese yuan rose in international markets,
with the U.S. dollar declining 0.12% against the yuan,
reaching 7.3162 yuan.
Donald Trump Inaugurated as President of the United States