World stocks sink, gold hits high on escalating trade war fears

World stock markets lost ground on Tuesday and precious metals hit fresh peaks as rising US-EU tension stoked volatility following President Donald Trump’s threat to impose tariffs in his drive to acquire Greenland.Major US indices spent the entire day in the red, with the broad-based S&P 500 finishing down more than two percent. The pullback on Wall Street and the reverberations across other financial markets reminded some observers of last April when Trump’s dramatic “Liberation Day” trade announcement sparked market turmoil that relented once Trump backed off his most draconian threats.The US president is expected to make more waves at Wednesday’s World Economic Forum.Trump’s posture towards Europe is “making ties with our biggest ally look fragile,” said Art Hogan of B. Riley Wealth Management. “Unless he retracts some of the rhetoric he’s had, I think it only gets worse.”Europe’s main markets also suffered, with London closing off 0.7 percent and Frankfurt ending down 1.0 percent.Earlier, Tokyo suffered a similar fate even though Asia overall closed mixed.Gold, seen as a safe-haven investment, notched yet another record high, surpassing $4,750 an ounce. Silver also peaked, surging above $95.50 an ounce.Key bond yields jumped on the heightened trade fears with the US 10-year Treasury note jumping to above 4.29 percent while Japanese long-dated bond yields reached record highs.Large tech names including Apple, Amazon and Nvidia fell more than three percent, while industrial giant 3M slumped 7.0 percent on concerns about its outlook. “Overall, this is a manmade crisis, and the continued sell off on Tuesday suggests that US threats to Greenland and their effects on financial markets could have further to go if the situation does not deescalate soon,” said Kathleen Brooks, research director at XTB.After a bright start to the year fueled by fresh hopes for the artificial intelligence sector, investors have taken fright since Trump ramped up his Greenland demands, on grounds of US national security.After European capitals pushed back, Trump on Saturday said he would impose 10 percent levies on eight countries — including Denmark, France, Germany and Britain — from February 1, lifting them to 25 percent on June 1.- ‘Mistake’ -The move has raised questions about the outlook for last year’s US-EU trade deal, the ratification of which was frozen on Tuesday by the European Union parliament.Speaking at the Davos gathering in Switzerland, EU chief Ursula von der Leyen warned the United States that hitting allied European nations with punitive tariffs over Greenland would be a “mistake.””The European Union and the United States have agreed to a trade deal last July. And in politics as in business — a deal is a deal. And when friends shake hands, it must mean something,” she said.US Treasury chief Scott Bessent on Monday said that any retaliatory EU tariffs would be “unwise.”Trump on Tuesday ramped up his rhetoric against France, warning he would impose 200-percent tariffs on French wine and champagne because it was declining his invitation to join a “Board of Peace”. That body was originally conceived to oversee the rebuilding of Gaza but its charter gives it a much broader, global remit, with Trump in charge.- Key figures at around 2115 GMT -New York – Dow: DOWN 1.8 percent at 48,488.59 (close)New York – S&P 500: DOWN 2.1 percent at 6,796.86 (close)New York – Nasdaq Composite: DOWN 2.4 percent at 22,954.32 (close)London – FTSE 100: DOWN 0.7 percent at 10,126.78 points (close)Frankfurt – DAX: DOWN 1.0 percent at 24,703.12 (close)Paris – CAC 40: DOWN 0.6 percent at 8,062.58 (close)Tokyo – Nikkei 225: DOWN 1.1 percent at 52,991.10 (close)Hong Kong – Hang Seng Index: DOWN 0.3 percent at 26,487.51 (close)Shanghai – Composite: FLAT at 4,113.65 (close)Euro/dollar: UP at $1.1719 from $1.1646 on MondayPound/dollar: UP at $1.3433 from $1.3425Dollar/yen: UP at 158.21 yen from 158.11 yenEuro/pound: UP at 87.23 pence from 86.74 penceBrent North Sea Crude: UP 1.5 percent at $64.92 per barrelWest Texas Intermediate: UP 1.5 percent at $60.34 per barrelburs-jmb/dw

Budget: Faure défend la stratégie du PS et critique ceux qui ont refusé le dialogue

Olivier Faure a défendu mardi soir le choix du Parti socialiste de “quitter le confort des postures faciles” en tentant de trouver un compromis avec le gouvernement sur le budget, taclant “ceux qui se limitent à la critique”.”Nous avons fait le choix de quitter le confort des postures faciles pour protéger les classes populaire et moyenne et changer leurs vies”, a expliqué le premier secrétaire du PS lors de ses voeux à la presse, alors que le Premier ministre Sébastien Lecornu a activé dans l’après-midi un premier 49.3 à l’Assemblée nationale pour faire passer le budget pour 2026 sans vote.Dans un contexte d’absence de majorité parlementaire, “nous devions chercher le compromis, fatalement insuffisant pour ceux qui limitent la fonction politique au commentaire”.”Mais on ne critique que ceux qui font. Mais que font ceux qui se limitent à la critique? Où étaient-ils quand il fallait peser dans la discussion?”, a-t-il demandé.Le chef des socialistes a déploré que sur le budget de l’Etat, le débat parlementaire s’achève par un 49.3, alors qu’il avait initialement réclamé, et obtenu de Sébastien Lecornu, d’y renoncer.”Je regrette que, dès lors qu’il a été appelé par des parlementaires de gauche comme de droite, l’effort de recherche d’un compromis se soit volatilisé, chacun préférant camper sur des positions identitaires”, a-t-il martelé.”Je regrette qu’à droite comme à gauche, des groupes aient dès le départ ou progressivement choisi de refuser jusqu’au dialogue”, dans un tacle visant aussi ses partenaires de gauche, comme Les Ecologistes et les communistes.”Tous ceux-là savaient qu’ils poussaient de fait à l’adoption du PLF par la voie du 49-3. Procédure qu’ils s’empressent désormais de condamner”, a-t-il dénoncé.”On ne peut pas vouloir déchoir Jupiter de son Olympe, exiger une 6e République, et refuser le débat au sein d’un Parlement rendu souverain”, a encore tancé Olivier Faure, dans une critique à La France insoumise.Sans crier victoire car ce texte n’est “pas un budget socialiste”, le patron du PS a dit vouloir “que les Français sachent qu’il y a un parti en France qui a pris son risque (…) pour rechercher des solutions”.Il a par ailleurs plaidé pour l’unité de la gauche, alors qu’il se rendra samedi à Tours avec ses partenaires pour évoquer la primaire de la gauche et des Ecologistes. “Là où la gauche est unie, elle est utile. (…) Et dans l’histoire de la gauche, l’unité a toujours été la condition de sa victoire”, a-t-il asséné.

EU vows ‘unflinching’ response to Trump’s Greenland gambit

European leaders drew a clear line over Greenland Tuesday, vowing an “unflinching” response to Washington’s threats even as US President Donald Trump said he was ready to hold a meeting in Davos about his plans to take the autonomous Danish territory.Asked hours before he was to head to the World Economic Forum in Davos, Switzerland how far he would go, Trump replied only: “You’ll find out.””We have a lot of meetings scheduled on Greenland, and I think things are going to work out pretty well,” Trump told reporters about his Davos meetings.Leaders at the World Economic Forum (WEF) in the Swiss ski resort closed ranks against Trump’s increasingly aggressive America First agenda, while Greenland’s prime minister said his tiny population of 57,000 must be prepared for military force.European Commission President Ursula von der Leyen led the European rejoinder, cautioning that Trump risked plunging US ties with the European Union into a “downward spiral”.France’s Emmanuel Macron warned against US attempts to “subordinate Europe”, and blasted as “unacceptable” Trump’s threats to impose tariffs of up to 25 percent on countries opposed to his Greenland plans.Trump had earlier insisted Greenland was “imperative” for security. “There can be no going back — On that, everyone agrees!” he posted on his Truth Social platform. The US president, who will address the annual gathering of global elites on Wednesday, has put the transatlantic alliance to the test with his demand to take over Greenland.Europe is weighing countermeasures after he threatened levies on eight European countries, though Washington has said any retaliatory levies would be “unwise”.US Commerce Secretary Howard Lutnick told European countries “to keep the pressure and temperature low” with regards to threats of retaliatory tariffs, while the US trade envoy Jamieson Greer told journalists in Davos that it would “not be wise” for European nations to use its “bazooka” trade measures.Von der Leyen branded the US tariffs a “mistake”, telling the meeting of world business and political leaders they could start a spiral that would only aid Europe’s adversaries.”So our response will be unflinching, united and proportional,” she said.- NATO at stake -Trump has pressed on with his Greenland campaign on Truth Social, writing that he had a “very good” call with NATO secretary-general Mark Rutte in which he agreed to meet with “various parties” in Davos.Rutte’s predecessor Anders Fogh Rasmussen warned that the Republican’s Greenland gambit had ignited the biggest crisis in NATO’s history, and said the time for “flattering” the US leader was over.”It is the future of NATO and the future of the world order that are at stake,” he told AFP in an interview at Davos.Greenland’s Prime Minister Jens-Frederik Nielsen agreed, telling a press conference in Nuuk that while military force was “unlikely” it could not be ruled out.”That’s why we must be ready for all possibilities, but let’s emphasise this: Greenland is part of NATO and, if there were to be an escalation, it would also have consequences for the rest of the world.”Trump argues he wants to protect mineral-rich Greenland from perceived Russian and Chinese threats — although Washington already has a base there and security agreements through NATO, while analysts suggest Beijing is a small player in the region.EU leaders will hold an emergency summit on Greenland in Brussels on Thursday.- ‘Law of the jungle’ -Other prominent foreign leaders addressing the WEF on Tuesday included Chinese Vice Premier He Lifeng, whose country has been locked in a trade war with Trump.”A select few countries should not have privileges based on self-interest, and the world cannot revert to the law of the jungle where the strong prey on the weak,” He said, without naming names.Canadian Prime Minister Mark Carney, who has sought to reduce his country’s reliance on the United States in its own tariffs feud with Trump, also voiced his support for Greenland at Davos.Canada had benefitted from an era of “American hegemony”, he said, but now had to pivot to defend the existing international order.Other flashpoints on the WEF agenda include the crises in Venezuela, Gaza, Iran — and Ukraine.Europe, which is ramping up defence spending to break its security reliance on the United States, still needs Washington’s help to end the Ukraine war and deter the looming Russian threat to its east.But Ukraine’s President Volodymyr Zelensky warned Tuesday that he worried the furore over Greenland could divert attention, warning of a “loss of focus during a full-scale war”.Macron, wearing sunglasses because of a broken blood vessel, sent a message to Trump to propose a G7 summit in Paris on Thursday on Greenland as well as Ukraine, with Copenhagen, Moscow and Kyiv attending on the sidelines.But he later clarified to AFP that no such meeting was yet scheduled and Trump said that he wouldn’t join the meeting.The Kremlin said Russian envoy Kirill Dmitriev plans to meet members of the US delegation in Davos — the first to attend since Russians were excluded from the gathering following Moscow’s invasion of Ukraine in 2022.

Les Kurdes de Turquie se mobilisent pour leurs “frères” en Syrie

Les mouvements et partis prokurdes de Turquie ont affiché mardi leur solidarité avec leurs “frères” de Syrie face à l’offensive de Damas soutenue par Ankara, au risque de faire dérailler le processus de paix avec la guérilla du PKK.Des incidents ont éclaté à la frontière syrienne lors d’un rassemblement convoqué par le parti prokurde DEM, …

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Les forces de sécurité en Haïti mènent une intense campagne contre les gangs

Les forces de sécurité en Haïti mènent une large offensive contre les gangs criminels et ont délogé un de leurs membres les plus connus, Jimmy Cherizier, dit “Barbecue”, a déclaré samedi à l’AFP un responsable de la police du pays.Une attaque de drones lancée mercredi dans la capitale Port-au-Prince, a visé l’un des domiciles de …

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Groenland: Trump impose le sujet à Davos, l’UE et Macron haussent le ton

La présidente de la Commission européenne, Ursula von der Leyen, et le président français, Emmanuel Macron, ont haussé le ton mardi à Davos face aux menaces répétées sur le Groenland de Donald Trump, qui a annoncé une réunion “des différentes parties” dans la station des Alpes suisses.Le président américain veut s’emparer de ce territoire autonome …

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CNews: Mabrouk prend ses distances avec le maintien de Morandini à l’antenne

La décision de garder Jean-Marc Morandini à l’antenne de CNews malgré sa condamnation pour corruption de mineurs “ne m’appartient pas”, a déclaré mardi l’une des vedettes de la chaîne, Sonia Mabrouk, selon qui “le respect” qu’elle voue à sa direction n’équivaut pas à “cautionner” ce maintien.”La décision de maintenir Jean-Marc Morandini, c’est une décision qui …

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