US President Donald Trump delivers a special address during the World Economic Forum (WEF) annual meeting in Davos on January 21, 2026. The World Economic Forum takes place in Davos from January 19 to January 23, 2026.
Fabrice Coffrini | Afp | Getty Images
LONDON — European stocks are expected to open higher Thursday after U.S. President Donald Trump said a “framework” agreement had been reached over Greenland, and called off imposing escalating tariffs on a group of European countries.
The U.K.’s FTSE index is seen kicking off the trading day 0.8%higher, Germany’s DAX 1.3% higher, France’s CAC 40 up 1.2%, and Italy’s FTSE MIB 1.5% higher, according to data from IG.
Global markets are rebounding after Trump announced Wednesday that he and NATO Secretary General Mark Rutte had agreed on a “framework of a future deal” involving Greenland. As a result of that negotiation, Trump said he would no longer impose higher tariffs on European allies.
Trump, who had addressed delegates at the World Economic Forum in Davos, Switzerland, described the framework as more of a “concept” in an interview with CNBC’s Joe Kernen, saying it would involve U.S.-European collaboration on a proposed Golden Dome missile defense system and access to mineral resources in Greenland.
When pressed for specifics, Trump said, “it’s a little bit complex, but we’ll explain it down the line.”
It’s unclear what will happen to the EU-U.S. trade deal after European lawmakers suspended the approval of the EU-U.S. trade agreement reached last year.
CNBC will be speaking to more CEOs and political leaders at the World Economic Forum on Thursday, ranging from the chief executives of Carlsberg, Merck, SAP, and Vestas, as well as Latvian President Edgars Rinkēvičs, Spanish Economy Minister Carlos Cuerpo, and Irish Taoiseach Michael Martin.
There are no major earnings or data releases Thursday.