Markets are waiting with bated breath for his special address at the World Economic Forum (WEF) in Davos later today. He was supposed to have arrived already for the event but encountered a delay after Air Force One had a "minor electrical issue". From earlier:
- Air Force One has had to return to the US soon after leaving due to a fault
- Trump back en route to Davos after "minor electrical issue" with Air Force One
His scheduled address is to take place later at 1330 GMT. So, that's the main thing on the agenda for markets today.
Given the backdrop and commentary from US officials before this, it seems like they will want to draw a hard line and try to ridicule European leaders on their home turf. And knowing Trump, it wouldn't be surprising to see him attempt that in his opening speech when he arrives before sitting down to talk on the sidelines.
It still isn't clear if he will be meeting with European leaders tomorrow after his evil cabal 'Board of Peace' gathering.
For now, markets are keeping calmer so far today after the negative cleansing yesterday. S&P 500 futures are up 0.3% but it belies the more nervous and anxious mood as we await Trump's appearance.
In the major currencies space, the dollar is also keeping steadier with light changes across the board. But in the commodities space, precious metals continue to shine as traders and investors continue to seek safety amid all the chaos that is happening. Gold is up over 2% to $4,864 with silver up 0.6% to $95.07 currently.
