European stocks are poised for a mixed start on Wednesday as global investors brace for U.S. President Donald Trump’s highly anticipated speech at the World Economic Forum (WEF) in Davos. Traders are watching for any hints on trade policies and international relations that could influence market sentiment across the continent.
Market expectations suggest a flat opening for the U.K.’s FTSE index and Germany’s DAX, while France’s CAC 40 could edge up 0.16% and Italy’s FTSE MIB may dip 0.23%, according to trading data from IG. Analysts say the market is likely to remain cautious ahead of Trump’s address, reflecting uncertainty in geopolitical and economic developments.
Trump is scheduled to speak at Davos at 1:30 p.m. London time, with a separate interview by CNBC’s Joe Kernen. His comments are expected to attract significant attention, particularly amid mounting tensions over Greenland, which the U.S. president has expressed interest in purchasing from Denmark.
In recent remarks, Trump declined to provide details on how far he would go to acquire Greenland, stating, “You’ll find out.” Previously, he has not ruled out military measures and has threatened tariffs on European nations that might oppose his plans, further raising concerns among investors about geopolitical risks.
Alongside Trump’s speech, market participants will be closely following UK economic data, including December’s inflation figures. CNBC will also interview top executives and political leaders, such as JPMorgan CEO Jamie Dimon, Nvidia CEO Jensen Huang, and Polish President Karol Nawrocki, offering insights that could sway European markets in the coming hours.
source: cnbc