European stock markets opened significantly lower on Monday following threats by U.S. President Donald Trump to impose additional tariffs on European countries that oppose his demand for control over Greenland.
Declines in early trading reached 1.75% in Paris, 1.46% in Frankfurt, and 1.61% in Milan, while losses were more limited on the London stock exchange, where the decline did not exceed 0.41%.
– Washington announces tariff reduction on China to 30% and Beijing to 10%
– Washington and Beijing announce suspension of part of their tariffs for 90 days
European Council to hold summit for continent’s leaders on Greenland within days
On Sunday, it was announced that the leaders of the Union will meet “in the coming days” to coordinate their response following U.S. President Donald Trump’s threat to impose tariffs over the Greenland issue.
It was stated via social media platforms, “Given the importance of current developments and with the aim of further coordination, it has been decided to call an emergency meeting of the European Council in the coming days.” A European official indicated that a summit in Brussels on Thursday is being considered.
European stock markets
European stock markets are organized exchanges where shares of publicly listed companies are traded, with origins dating back to the 17th century, such as the Amsterdam Stock Exchange, considered the world’s first. They have evolved through periods like the Industrial Revolution and European integration, with major hubs now including London, Frankfurt, and Euronext.
Paris
Paris is the capital of France, historically founded as the Roman town of Lutetia in the 3rd century BC. It is globally renowned as a center for art, fashion, and culture, home to iconic landmarks like the Eiffel Tower, the Louvre Museum, and Notre-Dame Cathedral.
Frankfurt
Frankfurt, officially Frankfurt am Main, is a major financial hub in Germany known for its modern skyline, earning it the nickname “Mainhattan.” Historically, it was a significant city in the Holy Roman Empire and the site of the election and coronation of German kings and emperors for centuries. The city is also the birthplace of Johann Wolfgang von Goethe and was largely rebuilt after suffering extensive destruction during World War II.
Milan
Milan is a major city in northern Italy, historically founded by the Celts and later becoming a powerful center of the Roman Empire. It is globally renowned as a fashion and design capital, while also housing significant cultural landmarks such as the Duomo cathedral and Leonardo da Vinci’s fresco *The Last Supper*.
London stock exchange
The London Stock Exchange (LSE) is one of the world’s oldest and largest stock exchanges, originating in 1698 when John Castaing began listing stock and commodity prices at Jonathan’s Coffee House. It was formally established as a regulated exchange in 1801 and has since grown into a global financial hub, facilitating the trading of securities for companies from around the world.
Washington
Washington, D.C., is the capital city of the United States, founded in 1790 and named after the first U.S. president, George Washington. It is renowned for its neoclassical federal buildings and national monuments, such as the White House and the U.S. Capitol, which were largely developed in the late 18th and 19th centuries.
China
China is one of the world’s oldest continuous civilizations, with a recorded history spanning over four millennia. It is home to numerous UNESCO World Heritage sites, such as the Great Wall and the Forbidden City, which reflect its long imperial dynasties and profound cultural achievements. Modern China is a major global power, blending its ancient traditions with rapid technological and economic development.
Beijing
Beijing is the capital of China, with a history spanning over three millennia as a significant political and cultural center. It served as the seat of imperial power during several dynasties, most notably the Ming and Qing, and is home to UNESCO World Heritage sites like the Forbidden City and the Great Wall. Today, it is a major global metropolis that blends ancient historical architecture with modern urban development.
European Council
The European Council is the EU’s highest political body, comprising the heads of state or government of member countries, which sets the bloc’s overall political direction and priorities. It was established informally in 1974 and gained formal status in the EU’s legal framework with the 1992 Maastricht Treaty, later becoming a full EU institution under the 2009 Lisbon Treaty.
Greenland
Greenland is the world’s largest island, located in the North Atlantic, with a history of Inuit habitation for over 4,500 years. It was later settled by Norse Vikings in the 10th century before coming under Danish rule, from which it gained increased self-governance in 2009. Today, it is an autonomous territory within the Kingdom of Denmark, known for its vast ice sheet and Arctic landscapes.
Union
The Union refers to the United States of America, particularly during the American Civil War (1861–1865), when it represented the federal government and the Northern states fighting to preserve the nation and abolish slavery. The term historically signifies the preservation of the country as a single, united entity.
U.S.
The United States is a federal republic founded in 1776 after declaring independence from Great Britain. Its history includes westward expansion, a civil war over slavery, and its emergence as a global superpower in the 20th century.
Brussels
Brussels is the capital city of Belgium and the de facto administrative center of the European Union. Its history dates back to a 10th-century fortress settlement, and it grew into a major commercial hub during the medieval period, renowned for its Grand Place, a UNESCO World Heritage site. The city is a blend of historic architecture and modern EU institutions.
