FX.co ★ European Markets Pressured by Trump Threats

European equity markets were poised to continue their downward trend on Tuesday, continuing the losses seen in the previous session. The decline comes in the wake of intensified statements from US President Donald Trump regarding his potential acquisition of Greenland. Trump has asserted that he would "100%" move forward with imposing tariffs on European nations should his conditions not be met, leaving open the possibility of forceful measures. In response, European Union leaders have organized an emergency meeting in Brussels on Thursday to formulate a coordinated response. Meanwhile, Trump is anticipated to engage in discussions concerning Greenland at the World Economic Forum in Davos on Wednesday. On Monday, European stocks experienced their most significant daily drop in two months, with automakers and luxury goods manufacturers hit hardest, although shares in defense companies saw some gains. In premarket trading, both Euro Stoxx 50 and Stoxx 600 futures were down by at least 0.1%.