Already before Monday's inauguration, a sense of relief had begun to spread. Suddenly, information leaked out that Trump instead of immediately taking drastic measures plans to start softly when it comes to new tariffs.
He plans to let his administration first analyze existing trade agreements with China, Canada, and Mexico, wrote The Wall Street Journal.
When Trump then refrained from details and bombastic attacks in his speech, the fear of a full-scale trade war decreased even more.
The New York Stock Exchange is closed on Mondays. But the contracts in the pre-trading of the broad S&P 500 index rose by 0.4 percent, according to the news agency Bloomberg.
The dollar continued to fall after previously in January having been at its highest rate in 13 months, and at 21:00 Swedish time on Monday, one dollar cost 11.01 kronor.
Furthermore, Trump clarified in his speech that now it's really time to look for oil.
We're going to drill, baby, drill, he said.
On Monday evening, a few hours after Trump's speech, a barrel of American WTI oil had fallen by 1.3 percent and cost 76.89 dollars.
The North Sea oil, Brent, had fallen by 1.1 percent and was traded for 79.9 dollars per barrel.
