Asian shares advanced early Monday and bitcoin surged to a record high ahead of the inauguration of President-elect Donald Trump. U.S. futures fell and oil prices were little changed. U.S. markets will be closed Monday for a holiday.

Is the Stock Market Going to Soar Under President Donald Trump (as It Did During His First Term)? Here's What History Has to Say.

Asian Shares Track Wall St's Strong Finish Ahead of Trump's Inauguration BANGKOK (AP) — Asian shares advanced early Monday after U.S. stock indexes rallied to close out their best week in two months,

Asia-Pacific markets trade higher on Monday following a positive conversation between Donald Trump and Chinese leader Xi Jinping ahead of the US President-elect’s inauguration. A surge on Wall Street Friday due to a jump in tech stocks also boosted sentiment.

Looking ahead, some analysts think the stock market will keep soaring as Trump pushes for deregulation and tax cuts during his second term. For instance, while on the campaign trail, he proposed lowering the corporate tax rate to 15% for domestic manufacturers. That could boost net profit margins and send the stock market higher.