According to Bloomberg, the benchmark stock indices in Tokyo, Hong Kong, and Sydney are expected to rise on Tuesday, with U.S. contracts also climbing in early trading. Traders are assessing the potential impact of the Trump administration's new policies on the economy and the possibility that the Federal Reserve may slow down interest rate cuts.
Asian investors will be watching whether Wall Street brokerages like Morgan Stanley and Goldman Sachs have turned. Meanwhile, gold prices have risen the most since August, and Goldman reiterated its prediction that gold prices will reach $3,000 an ounce next year.
In Washington, Trump's transition team is considering appointing former Federal Reserve official Kevin Warsh to a senior position in the Justice Department's antitrust division.