Markets Jump as Trump Retreats on Greenland Tariffs, Easing Geopolitical Fears

• Global markets rallied after US President Donald Trump signaled a retreat from his hardline stance on Greenland, easing geopolitical fears.
• Trump withdrew a threat to impose tariffs on nations regarding Greenland, announcing a deal outline with NATO on the island's future.
• US equities snapped a two-day losing streak, and European stocks pared losses as investors welcomed a shift from confrontation to coordination.
• The market rebound suggests a brief flight from dollar-based assets is losing steam, with the US dollar steadying and Treasury yields rising.
• Despite the rally, transatlantic economic relations remain strained, with European lawmakers suspending the US-EU trade deal approval process.

Why It Matters: Global markets rebounded as Trump's softened stance on Greenland tariffs eased immediate geopolitical tensions.