深夜，全线大跌！外围，“大风暴”突袭！

Core Viewpoint - The article discusses the significant market turmoil triggered by the latest tariff threats from the Trump administration, leading to substantial declines in U.S. and European stock indices, alongside rising concerns about potential trade wars and geopolitical instability [1][3]. Group 1: Market Reactions - On January 20, U.S. stock futures fell sharply, with the Nasdaq 100 futures dropping over 2%, and major indices like the Dow Jones, S&P 500, and Nasdaq experiencing declines of 1.28%, 1.33%, and 1.59% respectively [1][3]. - European markets also faced declines, with major indices such as the Euro Stoxx 50, DAX 30, FTSE 100, and CAC 40 all dropping over 1% [1][3]. - The VIX index, which measures market volatility, surged over 27%, indicating heightened investor anxiety [1]. Group 2: Geopolitical Factors - The article highlights concerns regarding Trump's aggressive stance on acquiring Greenland, which has reignited fears of a potential trade war between the U.S. and Europe [1][3]. - The European Commission President, Ursula von der Leyen, stated that Denmark's sovereignty over Greenland is non-negotiable, further complicating the situation [3]. - In Japan, political developments led to a significant rise in bond yields, with the 30-year and 40-year Japanese government bond yields reaching 3.875% and 4.215% respectively, marking historical highs [3][4]. Group 3: Investment Sentiment - Danish pension fund AkademikerPension announced plans to liquidate its U.S. Treasury holdings by the end of the month due to concerns over credit risks associated with Trump's policies [5]. - Analysts from JPMorgan view the current market volatility as a strategic maneuver by the U.S. to create leverage in negotiations, suggesting that a resolution may emerge during the World Economic Forum in Davos [7]. - JPMorgan's analysts predict that the most likely outcome will be a negotiated arrangement that satisfies U.S. interests in Greenland while allowing Denmark to retain sovereignty [7][8].