EU Stocks End Wednesday with Mixed Results
The benchmark Stoxx Europe 600 index slipped marginally, declining 0.02% to settle at 602.67 points by the close of business.
Germany's DAX 40 retreated 0.58% to finish at 24,560.98, while Italy's FTSE MIB 30 shed 0.5% to land at 44,488.36 points.
Bucking the downward trend, the UK's FTSE 100 advanced 0.11% to reach 10,138.09, and France's CAC 40 climbed 0.08% to 8,069.17 points.
Spain's IBEX 35 posted modest gains as well, rising 0.06% to conclude trading at 17,439.5.
Market jitters intensified amid fears that the US administration's territorial demands regarding Greenland could spark a damaging tariff confrontation between Washington and Brussels.
US President Donald Trump, delivering remarks at the World Economic Forum in Davos, Switzerland, underscored the strategic importance of securing Greenland for American defense interests.
Trump stated that the US has requested urgent negotiations to discuss taking control of Greenland, adding that he would not use force to gain control of the region.
In response to President Trump's announcement that tariffs would be imposed on some European countries due to the Greenland issue, the European Parliament (EP) suspended ratification procedures for the EU-US trade pact finalized in July 2025.
The euro weakened against the dollar, trading at 1.17—a 0.22% decline—as of 1800GMT.
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