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European Stocks Fall, Dollar Drops, Markets Focus on Trump's Tariff Threats
Trump's Greenland acquisition bid and threats of 200% tariffs on French wines triggered a 1.4% drop in Europe's STOXX 600 and a weaker dollar, raising trade war concerns.
- On Jan 20, President Donald Trump pushed to take control of Greenland, causing European stocks to fall amid risks of a renewed trade war with Europe.
- President Donald Trump threatened 200 per cent tariffs on French wines and champagne to cajole French President Emmanuel Macron, while EU leaders will meet at a Brussels emergency summit on Thursday to consider tariffs worth 93 billion euros.
- Indices showed sharp declines, with Europe's STOXX 600 down 1.4 per cent at 0956 GMT, the FTSE 100 down 1.4 per cent, the dollar index at 98.485 down 0.6 per cent, and the euro at $1.1726 up 0.7 per cent.
- U.S. Treasury yields rose to their highest since September in early trading, while yield spreads steepened for the biggest one-day shift since August 2025 and Japanese government bond yields hit record highs.
- Amelie Derambure, senior multi-asset portfolio manager at Amundi, said the move reflected `precautionary profit-taking and some risk reduction` as Brent crude rose to $64.01 a barrel, U.S. West Texas Intermediate to $59.72, and gold climbed above $4,700 an ounce.
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Denmark continues to strongly oppose the US takeover of Greenland and announces opposition to Trump's tariff threats.
·Zürich, Switzerland
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European stocks fall, dollar drops, markets focus on Trump's tariff threats
PARIS, Jan 20 : European stocks fell in early trading on Tuesday, the dollar entered a second day of declines and U.S. Treasury yields hit a four-month high after U.S. President Donald Trump continued his push to take control of Greenland and threatened to reignite a trade war with Europe.Trump said he no lon
·Singapore
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Great Yarmouth Mercury+2 Reposted by 2 other sources
Markets remain in turmoil as Donald Trump renews Greenland threats
European indices also remained heavily in the red.
·Great Yarmouth, United Kingdom
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Total News Sources21
Leaning Left7Leaning Right1Center2Last UpdatedBias Distribution70% Left
Bias Distribution
- 70% of the sources lean Left
70% Left
L 70%
C 20%
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