Global investors are preparing for Donald Trump's return to the White House as the 47th US president. Trump's inauguration on January 20 is expected to bring a flurry of executive orders, particularly on taxes and tariffs, which could impact markets and global trade. Investors are waiting to see how early moves on tariffs will affect currencies and shares in major global manufacturers. Additionally, the coming week will see a wide range of US companies, including Netflix, Johnson & Johnson, Procter & Gamble, and American Express, reporting their Q4 2024 earnings, giving investors a clearer outlook for the year ahead. Trump is also expected to address leaders and CEOs virtually at the Davos summit, where discussions on wars in Ukraine and the Middle East will take place. Lastly, European policymakers are concerned about rising borrowing costs and soaring energy prices, particularly as oil prices have risen by 10% this month alone. The upcoming policy meeting of the Bank of Japan will also be closely watched, as traders have raised their bets on a January rate hike.