European stock indices rose at the start of trading on Thursday, January 22, after US President Donald Trump announced a framework agreement on Greenland.
Markets recovered following Trump's announcement that he and the NATO Secretary General had reached a framework agreement for a future trade deal that includes Greenland. As a result of these negotiations, the US will no longer impose higher tariffs on its European allies.
When asked about the details of this agreement, Trump said it was a bit complicated but he would explain it later. It is also unclear what will happen to the trade agreement between the European Union and the United States after European lawmakers suspended ratification of the trade agreement between the two sides that was reached last year.
On a corporate level, Volkswagen's net cash flow rose by approximately 20% year-on-year, according to a company disclosure.
In trading, the Stoxx 600 index rose by about 1.1% to 609 points, while the British FTSE rose 0.7% to 10,205 points.
The French CAC rose 1.2% to 8,168 points, while the German DAX climbed 1.3% to 24,872 points.
