Trump's Tariff Threats Spark Market Turmoil Amid Davos Forum
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: CNBC
- Market Reaction: European stocks opened lower on Wednesday, with the pan-European Stoxx 600 down nearly 0.2% due to concerns over Trump's tariff threats against European nations, reflecting market anxiety about transatlantic trade tensions.
- Trade Tensions: Trump's refusal to rule out military action to annex Greenland, coupled with threats of new tariffs on European countries blocking his acquisition bid, triggered a sell-off in global assets, leading to a downturn in market sentiment.
- EU Response: European Commission President Ursula Von der Leyen labeled Trump's tariff proposals a “mistake” that could plunge both Europe and the U.S. into a “dangerous downward spiral,” asserting that the EU's response would be united and proportional.
- UK Economic Data: Data released on Wednesday showed the UK's inflation rate rose to 3.4% in December, exceeding economists' forecasts of 3.3%, while the benchmark 10-year gilt yield fell by about 3 basis points in morning trade, indicating cautious market sentiment regarding economic outlook.
Analyst Views on JPM
Wall Street analysts forecast JPM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JPM is 341.38 USD with a low forecast of 260.00 USD and a high forecast of 400.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Analyst Rating
11 Buy
7 Hold
1 Sell
Moderate Buy
Current: 312.470
Low
260.00
Averages
341.38
High
400.00
Current: 312.470
Low
260.00
Averages
341.38
High
400.00
About JPM
JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. The Company operates through three segments: Consumer & Community Banking (CCB), Commercial & Investment Bank (CIB), and Asset & Wealth Management (AWM). Its CCB segment offers products and services to consumers and small businesses through bank branches, ATMs, digital and telephone banking. Its CIB segment consists of banking and payments and markets and securities services, and offers a suite of investment banking, lending, payments, market-making, financing, custody and securities products and services to a global base of corporate and institutional clients. AWM segment offers investment and wealth management solutions. It offers multi-asset investment management solutions, retirement products and services, brokerage, custody, estate planning, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
