A holiday in U.S. equity and bond markets made for thin trading and likely contributed to a 0.7% drop in S&P 500 futures and a 1.0% fall in Nasdaq futures.
Business
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Moneycontrol19-01-2026, 07:31

Global Markets Jitter as Trump's Greenland Tariff Threat Sparks Trade War Fears

  • Asian stocks and U.S. stock futures fell after President Trump threatened tariffs on eight European nations over Greenland.
  • Gold and silver surged to all-time highs, while oil prices dipped due to concerns over global growth amid potential trade war.
  • European markets, including EUROSTOXX 50 and DAX futures, declined by 1.1%, with Japan's Nikkei also down 1.0%.
  • EU nations condemned Trump's tariff threats as blackmail and proposed economic countermeasures, including tariffs on U.S. imports.
  • Analysts warn of potential financial market disruption if European countries repatriate investments from U.S. bonds and equities.

Why It Matters: Trump's Greenland-related tariff threats on Europe are escalating trade tensions, causing global market instability.

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