Mucahithan Avcioglu
21 January 2026•Update: 21 January 2026
ISTANBUL
European stock markets ended midweek with a mixed course, affected by ongoing geopolitical risks from the US-European Greenland dispute.
The pan-European Stoxx Europe 600 index edged down 0.02% to close Wednesday at 602.67.
Germany's DAX 40 was down 0.58% to 24,560.98 points, while Italy’s FTSE MIB 30 dropped 0.5% to 44,488.36.
On the other hand, the UK's FTSE 100 index rose 0.11% to 10,138.09, and France's CAC 40 index gained 0.08% to 8,069.17.
Spain's IBEX 35 also increased by 0.06% to close at 17,439.5 points.
In European markets, concerns that the US administration's insistence on controlling Greenland could trigger a new tariff war have heightened risk perception.
US President Donald Trump, speaking at the World Economic Forum in Davos, Switzerland, emphasized the need for Greenland for national security reasons.
Trump stated that the US has requested urgent negotiations to discuss taking control of Greenland, adding that he would not use force to gain control of the region.
Following President Trump's announcement that tariffs would be imposed on some European countries due to the Greenland issue, the European Parliament (EP) halted the ratification process of the trade agreement between the European Union and the US, which was agreed upon in July 2025.
The euro/dollar parity was at 1.17, down 0.22% as of 1800GMT.
