<span>STORY: Global markets rebounded from this week’s lows on Thursday (January 22).</span><span>”I don’t have to use force. I don’t want to use force. I won’t use force.”</span><span>Investors were relieved after U.S. President Donald Trump dropped his tariff threats over Greenland.</span><span>He also ruled out seizing the autonomous Danish territory from an ally by force.</span><span>Trump said he withdrew the tariff threat after a meeting with NATO Secretary General Mark Rutte.</span><span>Trump added they agreed on the framework of a deal for Greenland’s future.</span><span>There were few details on the agreement, but Trump’s comments were enough to boost risk appetite among investors.</span><span>The dollar was steady, gold softer and stocks slightly recovered after the update.</span><span>The pan-European STOXX 600 climbed over 1% in early trade.</span><span>It rose after trade war worries had knocked close to 2% off the benchmark earlier in the week.</span><span>However, market watchers urged investors to stay wary as they believe tariff threats could become a more normalized negotiating tactic. </span><span>Elsewhere, MSCI’s broadest index of Asia-Pacific shares outside Japan went up 1%.</span><span>While chipmaker gains in South Korea pushed the KOSPI above 5,000 points for the first time.</span>
