Stock markets in the Asia-Pacific region have moved higher after President Donald Trump outlined a pro-business agenda for his second term in the White House and stopped short of imposing new trade tariffs on his first day in office.

Monday will be an especially noteworthy day on America’s calendar — and it’s one that will be marked by various closings, including that of financial markets.

The stock markets in the United States are closed on Monday, January 20, on account of Martin Luther King Jr. Day holiday. Every year on Martin Luther King Jr. Day, the federal government is closed and people across the US take part in a day of service.

Here's what you need to know about whether U.S. stock markets will be open on Martin Luther King Jr., Day this year.

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.

The dollar weakened ahead of the inauguration, as the Trump administration signaled that new tariffs would not be imposed on the new president's first day in office. Start the day smarter. Get all the news you need in your inbox each morning.

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.