1655 GMT - President Trump's promise to impose tariffs on eight European countries in a bid to force Denmark to sell Greenland will trash the positive story built up around European equities over the past nine months, says Connor Broadley's chief investment officer Chris Wyllie. Investors who rallied behind an increasingly positive narrative around German fiscal loosening and strengthening economic growth will be disappointed, Wyllie adds. Market sentiment is likely to turn back to that surrounding April's 'Liberation Day' tariffs, he says. However, traders have learned not to make snap judgments in response to Trump statements, Wyllie says, with markets expecting an off ramp to be found. Europe's Stoxx 600 falls 1.2%, on pace for its biggest daily fall since Nov. 18. (josephmichael.stonor@wsj.com)
(END) Dow Jones Newswires
January 19, 2026 11:56 ET (16:56 GMT)
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