20th January 2026 – Index Futures lower on Trump EU threats скачать в хорошем качестве

20th January 2026 – Index Futures lower on Trump EU threats

Today’s MPC Markets Morning Call with Mark Gardner breaks down a volatile macro backdrop driven by Trump’s new tariff threats on Europe over Greenland, rising geopolitical risk, and what it all means for equities, commodities, currencies, and defence names heading into a pivotal 2026 earnings season and data week. • US index futures were weaker with the Dow, S&P 500, Nasdaq and Russell all down as US cash markets were closed for Martin Luther King Day while futures traded risk-off. • Chinese GDP hit the 5% growth target, pressuring China A50 and Hang Seng, while ASX held up relatively well, closing only about 0.3% lower. • Trump’s threat of 10–25% tariffs on multiple European nations over Greenland has triggered an EU emergency summit, retaliation talk, and questions over legality in US courts. • Safe-haven and real-asset flows saw gold and silver hit new records, platinum and palladium rally, and the US dollar weaken as the Aussie dollar and euro caught bids. • Mark highlights investable angles in European defence stocks and selective Australian defence names, plus ongoing themes in gold, silver, platinum and critical minerals against a noisy geopolitical backdrop.