Pepperstone's Chris Weston told Bloomberg that a potential Greenland deal has helped calm market nerves. While US equities may still lag, the prospect of an agreement has reduced overall risk aversion among investors. This shift comes as traders weigh geopolitical developments against corporate earnings.

A Greenland deal refers to ongoing discussions about the territory's mineral resources, which could involve major powers. Such an agreement might stabilize regional tensions, influencing commodity markets and global supply chains. Investors are watching for any concrete terms that could affect mining and energy sectors.

Weston's comments suggest markets are looking beyond immediate US equity weakness. A finalized deal could bolster risk assets by reducing uncertainty. The next steps involve official negotiations, which could provide clearer direction for resource-focused investments and broader market sentiment in coming weeks.