LIVE MARKETS-Trump part two: Day one

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TRUMP PART TWO: DAY ONE

As promised and expected, U.S. President Donald Trump hit the ground running soon after taking the oath of office, signing a plethora of executive orders, which included issuing sweeping pardons for supporters who stormed the U.S. Capitol on Jan. 6 2021, withdrawing from the World Health Organization and other attention-grabbing actions.

TD Securities published a policy note focusing on those that could have immediate implications for markets.

These include the expected appointment of new agency chiefs and the freezing of rulemaking and withdrawal of proposals, which is "standard after each election," the broker says.

The note identifies Trump's decision to allow Democrat Caroline Crenshaw to keep her seat at the Securities and Exchange Commission (SEC) as the biggest surprise.

But the order for the U.S. government to bring down the housing costs by increasing the housing supply was singled out by head researcher Jaret Seiberg.

Tight housing supply as a result of elevated mortgage rates has been a headwind for the sector, and while Seiberg writes "there are no details on how to achieve this," he notes that the order requires monthly progress updates.

As widely anticipated, Trump established the Department of Government Efficiency, but this, too, was short on specifics. The order "does not set deadlines for action or detail how changes will be implemented," Seiberg says.

An order was also signed which ends work-from-home for federal employees, a move which could help prop up the struggling commercial real estate sector in Washington DC and elsewhere.

(Stephen Culp)

FOR TUESDAY'S EARLIER LIVE MARKETS POSTS:

WALL STREET KICKS OFF TRUMP 2.0 WITH EARLY GAINS - CLICK HERE

BENCHMARK TREASURY YIELD SETBACK HELPING TO STOKE STOCKS - CLICK HERE

RATES RISKS: CAUTION ON UTILITIES AND SMALL CAPS - CLICK HERE

GOLDMAN SACHS VIEWS TRUMP'S INITIAL TARIFF RHETORIC AS RATHER GENTLE - CLICK HERE

LUXURY BACK IN FASHION, WITH THREE FACTORS TO CONSIDER - CLICK HERE

WELCOME TO TRUMP 2.0 - EUROPEAN AUTOS, RENEWABLES AND STEELMAKERS SLIDE - CLICK HERE

BEFORE THE BELL: EUROPE HEADS SOUTH, WIND STOCKS EYED - CLICK HERE

TRUMP'S BACK, SO IS VOLATILITY - CLICK HERE