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Another start to the week, another one with Trump making the headlines
Key Takeaways (30s Read)
Trump's new tariff threats are impacting the market.
As 2026 begins, Trump is once again making headlines with threats related to tariffs and geopolitical tensions. This week, he has threatened 10% tariffs starting February 1, escalating to 25% by June unless a complete purchase deal for Greenland is reached. This has caused risk trades to falter, with Goldman Sachs estimating a potential economic impact of 1% to 1.5% of euro area GDP.
The EU quickly responded with a €93 billion tariff package on US goods, set to potentially take effect on February 6. As US markets remain closed for the long weekend, futures are showing declines, with S&P 500 futures down 0.8% and Nasdaq futures down 1.0%. Precious metals are gaining interest, with gold up 1.7% to $4,671 and silver up 3.7% to $93.49, reflecting changing market dynamics amid ongoing tensions.
AI Analyst
AI Opinion
"Trump's tariff threats are set to have significant repercussions on the market landscape. The re-emergence of trade tensions with the EU could hint at a revival of trade wars, raising investor caution. Current market instability highlights the necessity of careful reading of future developments. The uptick in precious metals indicates that investors are moving towards safe-haven assets. In this context, it is crucial to adopt a prudent trading strategy while managing risk."
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