U.S. stock market futures rose as Donald Trump was sworn in a second time as U.S. president as investors bet a series of immediate actions by him would boost the economy, especially in areas like the banking and energy sectors.

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.

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 dollar weakened ahead of the inauguration, as the Trump administration signaled that new tariffs would not be imposed on the new president's first day in office. Start the day smarter. Get all the news you need in your inbox each morning.