Tuesday, 02 January 2024 12:17 GMT

Trump At Davos: Markets Rally Over No Force, But Tariffs Weapon Looms


(MENAFN- Investor Ideas) Investorideas ( Newswire) a go-to platform for big investing ideas, including crypto stocks issues market commentary from deVere Group.

No US military force is now expected over Greenland, but tariffs are rapidly emerging as President Donald Trump's weapon of choice to pursue the territory, warns the CEO of global financial advisory giant deVere Group.

The stark warning from Nigel Green follows President Donald Trump's address at the World Economic Forum in Davos, which sparked a relief rally across markets even as it seemed to reinforce a far more persistent economic risk.

Shortly after the opening bell on Wall Street, the S&P 500 and Dow Jones Industrial Average both rose around 0.3%, and the Nasdaq also made modest gains. Treasury yields fell as prices rose, while the dollar pared losses.

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