2026-01-21 00:03:01

1. The market's concerns about a renewed trade war between the US and Europe have intensified, with Trump threatening to impose high tariffs on wine and champagne, while French President Macron criticizes Trump's trade strategy. Gold and silver hit new highs, with spot gold rising over 2% at one point, reaching approximately $4,766 per ounce; spot silver also rose over 1%, reaching approximately $95.9 per ounce.

2. As Trump escalates tariffs threats against Europe, the three major US stock indices closed sharply lower, with the S&P 500 down 2.06%, marking the largest single-day decline since October last year; the Dow Jones fell 1.76%, and the Nasdaq dropped 2.39%. Tech stocks declined across the board, with Nvidia and Tesla down over 4%. Most popular Chinese concept stocks also declined, with the Nasdaq Golden Dragon China Index down 1.44%.
3. Major European stock indices closed collectively lower: the Euro Stoxx 50 down 0.52%, the UK FTSE 100 down 0.71%, France's CAC 40 down 0.61%, Germany's DAX 30 down 1.01%, and Italy's FTSE MIB down 1.07%.
4. Traders are weighing the impact of disrupted supply in the Black Sea region and market volatility triggered by Trump's plan to acquire Greenland. International oil prices rose, with WTI February crude futures closing at $60.34 per barrel, up 1.51%; Brent March crude futures closed at $64.92 per barrel, up 1.53%.
5. The European Parliament announced the freezing of approval procedures for the trade agreement reached with the US last July. This is seen as the EU's first response to Trump's latest pressure measures.
6. The US Supreme Court did not rule on the legality of Trump's global tariffs on Tuesday. The next possible date for a tariff ruling is February 20.
7. When asked whether a negative ruling from the Supreme Court on tariffs would affect US security policies toward Greenland, Trump said that if current tariff tools are limited, he "can use other means," such as through "licensing systems" or other alternatives.
8. Trump stated that his goal of controlling Greenland "will never change," and refused to rule out the possibility of seizing Greenland by force.
9. Trump said he will not participate in the G7 emergency summit proposed by French President Macron to be held in Paris soon.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.