Overview
- President Trump said he would not impose the threatened tariffs or use force regarding Greenland, citing that he had conceived the framework of a future agreement.
- A source told AFP that Washington and Copenhagen plan to renegotiate their 1951 defense accord related to Greenland, with broader Arctic security cooperation under discussion.
- Global markets initially rebounded, with Wall Street posting solid gains, Asian equities jumping, and Seoul’s Kospi topping 5,000 for the first time as 10-year Treasury yields eased.
- By Friday, enthusiasm had faded as U.S. stocks traded mixed and Intel tumbled more than 15% on weak guidance, with investors cautious ahead of PCE inflation data, major earnings, and a Fed meeting.
- NATO chief Mark Rutte said there is still much work to do on any arrangement, and Trump warned of “big reprisals” if European countries tried to pressure Washington by selling U.S. debt.