LONDON, Jan 19 (Reuters) – Global stocks dropped and the dollar eased against the safe-haven yen and Swiss franc on Monday after President Donald Trump threatened to slap extra tariffs on goods imported from European nations that oppose his planned takeover of Greenland.
Gold and silver prices jumped to new record peaks, while oil dipped on concerns about what a possible trade war between the U.S. and Europe could mean for global growth and demand.
U.S. cash equity markets will be closed on Monday for Martin Luther King Jr. Day, although S&P 500 ESc1 and Nasdaq futures NQc1 have both dropped over 1%.More: Trump letter to Norway blames Nobel snub for Greenland demand
In Europe, the STOXX 600 index .STOXX fell 1.3%. Blue-chip indexes in Frankfurt .GDAXI, Paris .FCHI and London .FTSE were down 0.5% to 1.5%.USA TODAY Shopping: Shop sales in tech, home, fashion, beauty & more curated by our editors.
Japan’s Nikkei .N225 fell 0.7%, and MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was little changed.More: Trump slaps tariffs against European countries in bid for Greenland
Trump said he would impose additional 10% levies from February 1 on goods imported from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland and Britain, rising to 25% on June 1 if no deal on Greenland was reached.
