Days before his inauguration, US President -Checks Donald Trump still moved stock markets with statements about many things, from defense to renewable energy, to Greenland. For the shares of companies associated with the wind energy such as “Orasted”, Siemens Energy and “Vestas Wind Systems”, everyone today withdrew by more than 4% after Trump said he would try to stop the construction of wind energy farms during its second term in the United States presidency. Tank and rocket manufacturing companies had an increase after Trump called on NATO members to award the equivalent of 5% of their economic defense production, ie more than twice the current goal. The shares of the Norwegian “Kongsberg Grupen” missile manufacturer increased by 4.1%, while the shares of the Swedish company “Saab” rose 5%, and the shares of the German company “Rheinmetall” rose 5.3%. Investors fear fluctuations. These movements are an early overview of the fluctuations that investors can expect during the Trump term. His remarks have caused movements in markets, even in Australia, as the shares of “Energy Transition Mineals”, which has a rare energy metal project in Greenland, rose 52% after Trump renewed his interest in buying the island. “At this stage, his statements raise questions and generate uncertainty about the commercial and external policies he intends to implement the next day to install it by January 20,” a team of economists, led by Adrian Reneeh Laurent, of the Cic Market Solutions, in a customer memorandum. More wide, the European shares most affected by customs duties have been shown poor performance compared to the market since last year, due to the fear that any consequences of a possible commercial war could affect corporate profits, as the stock basket followed by UPS group for these businesses fell by 7%.
Trump’s remarks land with green energy shares and rise to defense companies
