European Stocks Soar After Trump Eases Greenland Issue
European stocks rallied on Thursday after US President Donald Trump declared that a "framework agreement" on Greenland had been reached. This statement, coupled with Trump's decision to cancel planned tariff increases against several European countries, calmed markets. The pan-European Stoxx 600 index immediately rose 1.2% at the opening of trading in London.
Trump explained that the agreement was still a preliminary draft and included US-EU cooperation on defense and access to mineral resources in Greenland. Although details were unclear, this move was seen as alleviating market concerns about US-EU relations and the future of NATO, which had previously pressured the aerospace and defense sectors.
Meanwhile, global uncertainty persisted. Gold prices, which had previously hit a record, began to decline slightly, while the US dollar stabilized after weakening in recent weeks. Investors were also monitoring Trump's statements regarding the Federal Reserve and the progress of the US-EU trade deal, which is still pending in the European Parliament. (az)
Source: Newsmaker.id