European Closes: Euro Stoxx 50 -1.77% at 5,923, Dax 40 -1.33% at 24,960, FTSE 100 -0.39% at 10,195, CAC 40 -1.78% at 8,112, FTSE MIB -1.32% at 45,196, IBEX 35 -0.26% at 17,665, PSI -0.90% at 8,561, SMI -0.95% at 13,281, AEX -1.73% at 993.

French PM Lecornu confirms they will use 49.3 article to push through budget; will respect deficit target at 5% of GDP in 2026

Denmark defence minister says we have had a good meeting with NATO's Rutte; have discussed a NATO mission in Greenland and in the Arctic

European Closes: Euro Stoxx 50 -1.77% at 5,923, Dax 40 -1.33% at 24,960, FTSE 100 -0.39% at 10,195, CAC 40 -1.78% at 8,112, FTSE MIB -1.32% at 45,196, IBEX 35 -0.26% at 17,665, PSI -0.90% at 8,561, SMI -0.95% at 13,281, AEX -1.73% at 993.

EU's Kallas says have no interest to pick a fight, but will hold their ground; Europe has a slate of tools to protect its interests

Denmark Foreign Minister says it is important to show Trump that this is not the way forward; it is Europe that will respond to the tariff threat, not Denmark