European stocks rebounded after Trump dropped tariffs on eight European countries and ruled out force in Greenland. NATO Secretary General Mark Rutte discussed Arctic security with Trump at Davos. The Stoxx 600 rose 1.1%, with Germany’s DAX and France’s CAC 40 up 1.2%. B&M European Value Retail and Essity saw declines, while Associated British Foods and Volkswagen reported positive news. French telecom companies Orange and Bouygues are in talks with Altice Group to acquire its French telecommunications activities. Getlink and Bayer also saw gains in the market.

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