World markets fell after U.S. President Trump sent a message to Norwegian Prime Minister Jonas Gahr StĂžre stating that Trumpâs threats to take over Greenland were linked to not receiving the Nobel Peace Prize. In the message, Trump wrote that he no longer felt obligated to think âpurely of Peaceâ and asserted, âThe World is not secure unless we have Complete and Total Control of Greenland.â The Nobel Committeeâs prize decisions are not controlled by Norwayâs government, and Greenland is a territory of Denmark.
Later, Trump posted on social media that NATO had been telling Denmark for 20 years to remove a âRussian threatâ from Greenland and wrote, âNow it is time, and it will be done!!!â Traders reacted to the prospect of renewed U.S.âEurope trade conflict and geopolitical escalation. S&P 500 futures fell 1.12%, the STOXX Europe 600 dropped 1.25%, and several major indexes declined across the U.K., Japan, and India; bitcoin fell to $93K. Gold reached a record high of $4,673.4. Analysts cited uncertainty, potential tariff impacts on European GDP, and higher U.S. consumer prices as risks.