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MPC Morning Call 20th January 2026 – Index Futures lower on Trump EU threats
Today’s MPC Markets Morning Call with Mark Gardner breaks down a volatile macro backdrop driven by Trump’s new tariff threats on Europe over Greenland, rising geopolitical risk, and what it all means for equities, commodities, currencies, and defence names heading into a pivotal 2026 earnings season and data week.
• US index futures were weaker with the Dow, S&P 500, Nasdaq and Russell all down as US cash markets were closed for Martin Luther King Day while futures traded risk-off.
• Chinese GDP hit the 5% growth target, pressuring China A50 and Hang Seng, while ASX held up relatively well…
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