Global shares were mixed in a muted reaction Tuesday to the inauguration of U.S. President Donald Trump. France’s CAC 40 gained 0.1% to 7,739.02, while Germany’s DAX was flat at 20,988.89. Britain’s FTSE 100 gained 0.

Some analysts suggested that the inauguration could bring a sense of optimism to global markets, while others warned that the threat of higher tariffs might dampen sentiment

Asian shares are mixed in mostly muted trading, despite anticipation for a market reaction to the inauguration of U.S. President Donald Trump.