FRANKFURT (dpa-AFX) – After Donald Trump’s defusing words on the Greenland conflict, the German stock market is heading for a significant recovery on Thursday. The broker IG valued the DAX 1.2 percent higher at 24,864 points about two hours before trading began. This would bring the leading index closer to the 25,000 point mark, which it fell below on Monday due to concerns about announced tariffs.
“The transatlantic tensions have been eased,” said Commerzbank this morning. US President Trump surprisingly defused the conflict over the island of Greenland, which belongs to Denmark, at the World Economic Forum in Davos. Against this background, US stock prices had already risen the evening before. Investors are now waiting for the details that are still open.
After a conversation with NATO Secretary General Mark Rutte, Trump withdrew his threat of punitive tariffs against Germany and seven other European countries. To justify his change of course, he pointed out that a framework for a future agreement on Greenland and the entire Arctic region had emerged during the meeting. Rutte confirmed Trump’s information, but initially didn’t give many details./tih/jha/
