Le Journal

European Markets Slide Amid Trump's Greenland Tariff Threats European shares hit a two-week low on Tuesday as U.S. President Donald Trump's insistence on buying Greenland and imposing tariffs unsettled investors. The pan-European STOXX 600 recorded a 0.7% drop, marking its steepest two-day decline in two months. France's CAC 40 and Germany's DAX indices also faltered.Trump has threatened increasing tariffs on eight European nations from February 1 unless Greenland is sold to the U.S., raising fears of a new trade war. While skepticism persists regarding Trump's follow-through, investor anxiety is palpable as he continues with firm rhetoric.Analysts led by Jim Reid from Deutsche Bank noted, "Markets have reacted, but bigger moves could occur if rhetoric intensifies. Trump's participation at Davos tomorrow might reveal his full geopolitical stance." Top global policymakers attending the World Economic Forum in Davos, Switzerland are under keen observation for economic policy signals.Meanwhile, European markets are also being influenced by corporate earnings. Renault Group shares climbed 2.2% post higher sales projections, Britain's Wise soared 16% on strong Q3 results, while Qiagen rose 12.4% amid strategic operation considerations.Despite gains in the corporate sector, sectors on the STOXX 600 saw broad declines, with real estate down 1.9% due to rising euro zone bond yields. Luxury group LVMH dropped 2.2% amid Trump's 200% tariff threat on French wines, urging France's President to engage in his Board of Peace initiative.Citigroup downgraded its outlook for continental Europe to "neutral," citing escalating transatlantic tensions and tariff uncertainties that cloud short-term investment prospects for European equities.

FTSE 100 Dips Amid Rising Tariff Tensions and Geopolitical Uncertainties The UK's FTSE 100 saw its sharpest decline in nearly two weeks on Tuesday as investor sentiment soured amid increasing uncertainties over potential U.S. tariffs related to Greenland.The index closed 0.72% down, marked by geopolitical tensions triggered by Trump's threat to impose tariffs unless the U.S. is allowed to buy Greenland.Amidst market shifts, precious metals miners bolstered gains as gold prices soared past $4,700 an ounce, while pharmaceuticals and insurers saw declines, reflecting broader market volatility.

Netflix said the updated offer will provide greater certainty to Warner Bros. Discovery’s shareholders, who are set to vote on the deal in April.

Shares of French luxury goods conglomerate LVMH sank by more than 3% on Tuesday, following President Donald Trump’s threat to hit French wines with tariffs.

Over the weekend, Trump announced plans to slap an additional 10% tariff on all imports from major European countries that have opposed his bid to take over Greenland.