Markets rally as Trump backs down on Greenland
Markets are celebrating TACO Tuesday on a Wednesday after US President Donald Trump dropped a threat to impose tariffs on imports from a number of European trading partners, saying that he and NATO Secretary-General Mark Rutte had “framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region”. The dollar is climbing against its peers, while the Swiss franc falls amid a broader surge in risk appetite. Equity markets are rallying and US yields are edging lower. In a post on his social media platform, the president said: “Based upon a very productive meeting that...