European stock markets are under pressure as reports emerge of potential counter-tariffs from European countries following an announcement by Donald Trump. Investors are shifting toward safe-haven assets such as gold and silver while waiting for possible signs of easing tensions. In Milan, Ferretti shares are rising after a partial takeover bid launched by Kkcg Maritime.
The week has started in the red for European stock markets due to growing tensions between the United States and the European Union over Greenland. Milan’s FTSE MIB index is down around 1.5%, in line with Paris and Frankfurt. At Piazza Affari, Ferretti shares (yachts and nautical sector) are among the few gainers, following a partial tender offer launched by Czech group Kkcg Maritime, which aims to increase its stake to just under 30%. Wall Street is closed today for Martin Luther King Day.
US–EU Tensions Over Greenland
In recent days, US President Donald Trump announced the introduction of 10% tariffs starting in February, potentially rising to 25%, on all imports from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland. These are the countries that have sent limited military contingents to Greenland, with some already having withdrawn. Trump stated that the tariffs would remain in place until an agreement is reached for the complete acquisition of Greenland.
