European Stocks Brace for Trump's Davos Speech

LONDON — European stocks are expected to open in mixed territory on Wednesday, with all eyes on U.S. President Donald Trump's address at the World Economic Forum later. The U.K.'s FTSE index and Germany's DAX are expected to open flat, France's CAC 40 up 0.16%, and Italy's FTSE MIB 0.23% lower, according to data from IG. Trump is due to address WEF at 1.30 p.m. London time and, separately, CNBC's Joe Kernen will be interviewing the president in Davos. The president's speech will be closely followed as it comes amid soaring tensions between the U.S. and its European allies over Danish territory Greenland, which Trump wants to buy. On Tuesday, Trump declined to detail what lengths he will go to in order to achieve his aim of making Greenland part of the U.S., telling a reporter, "You'll find out." Trump has previously not ruled out military action to seize Greenland, and has threatened new tariffs on a raft of European countries if they block his takeover bid. CNBC will be interviewing a wide range of CEOs, officials, and business figures, including JPMorgan CEO Jamie Dimon and Nvidia CEO Jensen Huang, as well as political leaders, including Polish President Karol Nawrocki. Check out all our Davos coverage here. Data releases on Wednesday include U.K. inflation figures for December.