European stocks end lower amid Greenland dispute

​​​​​​​By Mucahithan Avcioglu

ISTANBUL (AA) - European stocks ended the second day of the week with losses amid ongoing geopolitical risks from the US-European Greenland dispute.

The pan-European Stoxx Europe 600 index fell 0.7%, or 4.26 points, to close Tuesday at 602.8.

Germany's DAX 40 was down 1.03% to 24,703.12 points, while the UK's FTSE 100 index lost 0.67% to 10,126.78.

France's CAC 40 index dropped 0.61% to 8,062.58 points and Italy’s FTSE MIB 30 fell 1.07% to 44,713.46.

The Greenland-linked geopolitical uncertainty continued after US President Donald Trump announced tariffs would be imposed on eight European countries for opposing the Washington's push to purchase Greenland, arguing that the dispute threatens world peace.

Trump said a 10% tariff would be applied to goods imported from Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland starting Feb. 1, rising to 25% on June 1.

Rising trade and geopolitical tensions have increased uncertainty in the eurozone.

The EU Commission President Ursula von der Leyen, speaking at the World Economic Forum (WEF) in Davos, Switzerland, stated that the US decision to impose additional tariffs on European countries was "a mistake," adding, "In politics, as in business, a deal is a deal. And when friends shake hands, it must mean something."

The EU Commission also publicly shared its plan to restrict high-risk foreign suppliers from providing equipment for critical infrastructure in EU countries.

The euro/dollar parity was at 1.1731, up 0.74% as of 5.40 pm GMT.