Stock markets in the Asia-Pacific region have moved higher after President Donald Trump outlined a pro-business agenda for his second term in the White House and stopped short of imposing new trade tariffs on his first day in office.

The stock markets in the United States are closed on Monday, January 20, on account of Martin Luther King Jr. Day holiday. Every year on Martin Luther King Jr. Day, the federal government is closed and people across the US take part in a day of service.

The dollar was hovering near a more than two-year high at the start of a pivotal week on Monday, as Donald Trump re-enters the White House with an inauguration speech that will be of primary focus for investors hoping to decipher his immediate policies.

S&P 500, Dow, and Nasdaq aren’t trading but futures were up. Hang Seng, Nikkei, FTSE 100 and DAX were also rising.

US equity futures traded within a narrow range while the dollar weakened on Monday, as markets braced for the inauguration of Donald Trump. Bitcoin, in contrast, surged to a record high, reflecting the optimism surrounding Trump’s expected pro-crypto stance.