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Stocks enjoy 'Trump bump', but oil slumps

U.S. President Donald Trump speaks during a news conference in the Roosevelt Room of the White House on January 21, 2025 in Washington, DC. [AFP]

Global stock markets climbed on Tuesday as Donald Trump wasted no time in starting his second term as US president with a raft of announcements affecting the global economy.

Wall Street stocks rose as markets greeted Trump's early executive orders and comments that raised hopes new tariffs may not be as bad as feared.

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