European Shares Rebound After Trump Drops Greenland Threat

European stocks rally on January 22, 2026, after U.S. President Donald Trump reversed his stance on acquiring Greenland, easing geopolitical tensions that had pressured regional markets. The Stoxx Europe 600 index gained 1.3% in opening trade, with Denmark's OMX C25 advancing 2.2%. Shipping and defense sectors led gains following Trump's clarification that the U.S. would pursue "cooperative partnership" rather than territorial acquisition. The Danish krone strengthened 0.4% against the dollar. Trump's initial comments on January 15 had triggered a 2.5% selloff in Nordic equities. Analysts noted the retreat removes near-term uncertainty, though transatlantic trade policy remains a key investor focus.