President Trump reversed his threat to impose tariffs on eight European nations over Greenland, easing market tensions. U.S. stock futures climbed, with the Dow gaining 61 points and the S&P 500 up 0.3%. The move followed behind-the-scenes talks with NATO and European leaders.

Investors welcomed the news, which reduced fears of a transatlantic rift. Gold prices, which had surged over 6% in three sessions, dipped from record highs. Analysts noted that while details remain sparse, the agreement may include U.S. defense interests in the Arctic and mineral rights in Greenland.

Attention now turns to Intel’s quarterly report and key economic data. The chipmaker faces pressure in AI and PC markets but gained support from Nvidia’s $5 billion investment. Markets also await the core PCE index, a key inflation gauge watched by the Federal Reserve ahead of its upcoming meeting.