US EditionWall St edges up as markets digest Trump's Davos speech
U.S. stocks rose modestly after a steep sell-off as investors assessed Trump’s Greenland acquisition proposal and strong corporate earnings with 84.8% beating estimates, LSEG data shows.
- On Wednesday, U.S. stocks edged up as investors digested President Donald Trump's Davos remarks, reversing part of a nearly two per cent slide on Tuesday.
- Trump in Davos pushed for immediate negotiations to acquire Greenland but said he won't use force, while his tariff warning on European allies triggered a market rout Tuesday.
- Of the 33 companies in the S&P 500 reporting through last Friday, 84.8 per cent beat profit estimates; Halliburton added 2.7 per cent, United Airlines rose three cent, and American Airlines and Delta Air Lines gained over 1.5 per cent.
- Denmark deployed Jaeger Corps Arctic specialists and continued troop deployments to Greenland on Wednesday, while a working group agreed by Denmark and partners will address American concerns without crossing core principles.
- With a busy data week, investors will monitor U.S. economic data including third-quarter GDP, January PMI and the Personal Consumption Expenditures report amid trade-war risk concerns, strategists said.
20 Articles
20 Articles
Trump's desire to avoid military force over Greenland a 'positive' sign, Denmark says
Danish Foreign Minister Lars Lokke Rasmussen on Wednesday acknowledged Donald Trump's remarks against the use of military force in Greenland but warned the US president's ambitions to acquire the Arctic island remained intact.
In Brussels, the Bel20 index closed in 0.13%. The European Stock Exchanges express some relief on Wednesday, after the speech in Davos...
Danish Foreign Minister Lars Løkke Rasmussen has reacted to Donald Trump's Davos speech, in which the US president said the United States wanted to start "immediate negotiations" on acquiring Greenland. Rasmussen said Denmark would not negotiate with the US over the acquisition of Greenland: "We will not engage in negotiations that are based on giving up principles. We will never do that." Rasmussen also commented on Trump's statement that the U…
Danish Foreign Minister Lars Lokke Rasmussen said Wednesday that US President Donald Trump's desire to obtain Greenland remains "indicted", despite the statements made by the US leader at the Davos World Economic Forum, transmitted...
The US President's appearance at the World Economic Forum has an impact: after a nervous trade, the stock markets are recovering. However, the DAX was not able to make up for its losses.
US President Donald Trump has just given an hour-long speech in Davos, where Greenland was also on the agenda.
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