Focus of the Friday's session was on Donald Trump's inauguration and his speech. President Donald Trump laid out a clear vision for the United States in his inaugural address: "Buy American and hire American." He calls it the "America First" doctrine. It's not just a slogan. The new president promises his plans will create 25 million new jobs in the next decade. It would be the most jobs created under any U.S. president ever, topping even the nearly 23 million jobs added under President Bill Clinton during the boom years of the 1990s. "We will bring back our jobs. We will bring back our borders. We will bring back our wealth, and we will bring back our dreams," Trump said. That line generated the most fervent applause. It might as well be called Trump's economic red line.
Trump has tapped into the economic anxiety so many Americans feel. While many acknowledge they are better off than they were in the worst days of the Great Recession -- when 1 in 10 Americans were unemployed, and millions had lost their homes -- too many still do not feel fully recovered. For Trump, no place exemplifies the struggles of Americans than the Rust Belt. He won the election by turning many counties in Wisconsin, Michigan and Pennsylvania -- key manufacturing states -- from blue to red.
There will be no major data releases both from Australia and USA on Monday so we can expect overall steadier session.
