The pan-European Stoxx 600 edged below the flatline
European defense stocks rise for 4th day as Denmark moves to rearm Greenland
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European stocks preliminarily closed in negative territory on Wednesday as regional market jitters grow over U.S. President Donald Trump’s threat to annex Greenland.
The pan-European Stoxx 600 edged below the flatline at the closing bell in London, with sectors and major regional bourses in mixed territory.
European defense stocks moved higher, with the Stoxx Europe Aerospace and Defense index adding 3% through the session, learning it its fourth consecutive day of gains.
Global market attention is turning to President Trump’s intention regarding Greenland, an autonomous territory of Denmark, following the U.S. military operation that led to the capture and arrest of Venezuela’s leader Nicolas Maduro.
The president and his team are considering “a range of options” to acquire Greenland — including “utilizing the U.S. Military,” White House press secretary Karoline Leavitt told CNBC on Tuesday.
Trump has insisted that the U.S. needs the Arctic island for national security purposes and, this week, pointed to Russian and Chinese activities in the region.
