Wall Street traded higher on the first day following Donald Trump’s admission, while U.S. bond yields sank as markets remained cautious amid tariff uncertainty. The U.S. dollar showed signs of recovery after Trump proposed tariffs on Canada and Mexico, causing their currencies to weaken. In corporate news, Oracle shares surged 6% following an announcement regarding AI infrastructure. Meanwhile, oil prices declined due to oversupply concerns, and aluminium prices fell in response to the threat of U.S. import tariffs. Looking ahead, Aussie shares are expected to open higher on Wednesday, with key mining and energy production results on the horizon.

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