Stoxx 600, FTSE, DAX, CAC, tariff easing, EU reaction


US President Donald Trump will deliver a special speech at the annual meeting of the World Economic Forum (WEF) in Davos on January 21, 2026. The World Economic Forum will be held in Davos from January 19 to January 23, 2026.

Fabrice Coffrini | Afp | Getty Images

LONDON – European stocks were expected to rise on Thursday after U.S. President Donald Trump said a “basic” deal had been reached over Greenland and held off on imposing tariffs on a group of European countries.

of Great Britain FTSE The trading day index was 0.8% higher than Germany DAX 1.3% higher than that of France CAC 40 by 1.2%, and that of Italy FTSE MIB Up 1.5% according to IG data.

Global markets are rebounding after Trump announced On Wednesday, he reached an agreement with NATO Secretary General Mark Rutte.scope of the future transaction” Regarding Greenland. As a result of this negotiation, Trump said that he will no longer impose high tariffs on European allies.

Speaking to delegates at the World Economic Forum in Davos, Switzerland, Trump described the framework as a “concept.” Interview with CNBC’s Joe Kernensaid it would include the proposed Golden Dome missile defense system and US-European cooperation to achieve it. Mineral resources in Greenland.

Watch CNBC's full interview with President Donald Trump

Asked for specifics, Trump said, “It’s a little complicated, but we’ll explain it below.”

It is unclear what will happen to the EU-US trade deal after European lawmakers approval stopped EU-US trade agreement reached last year.

CNBC will be speaking with CEOs and political leaders at the World Economic Forum on Thursday. CarlsbergMerck, SAPand Vestas, as well as Latvian President Edgars Rinkevics, Spanish Economy Minister Carlos Cuerpo and Ireland’s Taoiseach Michael Martin.

There are no major earnings or data releases on Thursday.



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