Stock markets LIVE: FTSE 100 and S&P 500 down as Trump renews Greenland tariff threats | Personal Finance | Finance

What happens next for financial markets will depend on Trump’s next moves, says a trading and investing expert. 

Kathleen Brooks, a research director at XTB, said: “What happens next for financial markets will ultimately depend on President Trump’s actions in the coming days.

“The president posted a picture of himself holding a US flag on Greenland, suggesting that the territory will be owned by the US this year. However, he also said that he will hold a Greenland meeting at Davos, after a good conversation with the NATO Secretary General and former Dutch PM Mark Rutte.”

She added: “For now, Trump is sticking to his guns and said that there is ‘no going back’ on his Greenland pledge. Thus, the meeting in Davos later this week will be critical.”

The US president is travelling to Davos, Switzerland, today (Tuesday) for the World Economic Forum.