Asian Markets Surge After Trump's NATO-Greenland Comments Ease Tensions

• Asian stock markets, including Japan, South Korea, and Australia, rallied after two days of declines, driven by US President Donald Trump's comments on a "framework" agreement with NATO over Greenland.
• Trump's statements, made from the World Economic Forum in Davos, reduced market uncertainty and restored risk-taking sentiment, leading to a rebound on Wall Street and a surge in US equity-index futures.
• Precious metals like gold and silver saw price declines, with gold slipping 1% and silver 2%, while Bitcoin traded below $90,000.
• The 10-year US Treasury yield remained stable, and a $13 billion auction of 20-year Treasury bonds received good demand, indicating investor confidence.
• Trump's shift from previous threats, including ruling out military force and refraining from tariffs on European countries, was interpreted as easing geopolitical and trade tensions.

Why It Matters: Asian markets rebounded strongly as Trump's comments on Greenland and NATO eased geopolitical and trade tensions.