Market Snapshot January 21st 2026

Greenland Day 2 in Fire, Japan wants to cut tax. Data: [🟥 Trade / Tariffs | Risk escalation] Trade tensions remained the dominant macro driver after Trump’s proposed Europe-linked tariffs (10% from Feb 1, rising to 25% by Jun 1) kept pressure on exporters and cyclicals; European officials reiterated readiness to retaliate, sustaining risk-off positioning. […]

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