Trump has promised sweeping moves to reshape global trade and the economy, often at the expense of other countries, but stock indexes in Asia and Europe mostly made only modest moves in mixed trading.

A market rally in the US has continued with its top index smashing through a previous all-time high, while London’s FTSE 100 lagged behind European peers. New York’s S&P 500 index moved about 0.8% higher to surpass last month’s intra-day record high.