Stoxx 600, FTSE, DAX, CAC, tariffs ease, EU reaction
US President Donald Trump delivers a special speech at the annual meeting of the World Economic Forum (WEF) in Davos on January 21, 2026. The World Economic Forum will take place in Davos from January 19 to January 23, 2026.
Fabrice Coffrini | Afp | Getty Images
LONDON — European stocks are expected to open higher on Thursday after US President Donald Trump said a “framework” agreement had been reached on Greenland and canceled the imposition of increased tariffs on a group of European countries.
of england FTSE It seems that Germany’s index started the trading day with a 0.8% increase DAX France’s is 1.3% higher CAC 40 Italy, up 1.2% FTSE MIB 1.5% higher according to IG data.
Global markets recover after Trump announced On Wednesday he and NATO Secretary General Mark Rutte agreed on “the framework for a future agreement” covering Greenland. As a result of this negotiation, Trump said he would no longer impose higher tariffs on his European allies.
Addressing delegates at the World Economic Forum in Davos, Switzerland, Trump described the framework as more of a “concept” in an interview with CNBC’s Joe Kernen and said it would include U.S.-European cooperation on the proposed Golden Dome missile defense system and access to mineral resources in Greenland.
When asked for details, Trump said, “It’s a little complicated, but we’ll explain it later.”
It is unclear what will happen to the EU-US trade deal after European lawmakers suspended ratification of the EU-US trade agreement reached last year.
CNBC will talk to more CEOs and political leaders at the World Economic Forum on Thursday. CarlsbergMerck, of SAPand Vestas, as well as Latvian President Edgars Rinkēvičs, Spanish Economy Minister Carlos Cuerpo and Irish Taoiseach Michael Martin.
There are no major earnings or data releases on Thursday.
