European markets drop, gold rises as Greenland tariff threat looms

European markets opened lower on Monday as threats from US President Donald Trump reignited a trade war with traditional allies across the Atlantic.

At around 10am CET, France’s CAC 40 had slipped 1.28%, Germany’s DAX was down 1.02%, and the UK’s FTSE 100 dropped 0.27%. Spain’s IBEX 35 fell 0.59% and Italy’s FTSE MIB slid 1.43%. Meanwhile, the wider STOXX 600 fell 0.87%.