[MARKET UPDATE] US equity futures open down (ES -50 points, NQ -255 points); T-Note futures +5 ticks; WTI futures -USD 0.40/bbl; Spot XAU +USD 45/oz; risk aversion as a function of the US tariffs over Greenland and potential EU retaliation

US equity futures are opening lower amid rising risk aversion, primarily driven by the introduction of tariffs on Greenland by the US and potential retaliation from the EU.

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[MARKET UPDATE] Spot XAU extends to new ATHs of USD 4680/oz following the risk-off theme as markets digest the US tariffs over Greenland and possible retaliation

[MARKET ANALYSIS] Initial weakness in the DXY as EUR/USD reverses earlier losses, now +0.1%, and USD/JPY -0.3% following rising trade tensions over Greenland

[MARKET UPDATE] US equity futures open down (ES -50 points, NQ -255 points); T-Note futures +5 ticks; WTI futures -USD 0.40/bbl; Spot XAU +USD 45/oz; risk aversion as a function of the US tariffs over Greenland and potential EU retaliation

PRE-MARKET AUSTRALIAN STOCK NEWS

Canadian PM Carney is considering sending troops to Greenland for military exercises with NATO, CBC reports

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Context

This geopolitical tension has implications across various asset classes, with T-Note futures gaining and spot gold rising significantly as investors seek safety, while WTI futures also reflect the uncertainty surrounding global supply dynamics.

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