economy
January 23, 2026
European markets close lower; Ericsson pops 10% after fourth-quarter profit beat
European stocks closed lower Friday after U.S. President Donald Trump said a "framework" agreement had been reached over Greenland.
TL;DR
- European markets finished Friday's session lower, impacted by events at Davos.
- Ukrainian President Volodymyr Zelenskyy criticized European leaders' response to geopolitical threats at the WEF in Davos.
- Trilateral meetings between Ukraine, Russia, and the U.S. are scheduled in the UAE regarding the war in Ukraine.
- Investors are noting the 'Board of Peace,' chaired by Trump, with potential implications for the UN.
- Trump stated the U.S. has an 'armada' headed towards Iran amid government crackdowns on protesters.
- Brent crude futures rose, and European oil and gas stocks finished higher.
- Czechoslovak Group (CSG) saw its shares skyrocket on its public debut in Amsterdam.
- Ericsson announced a 15 billion Swedish krona buyback scheme and reported strong Q4 earnings.
- Ubisoft shares plunged after announcing restructuring and game cancellations, but closed higher on Friday.
- German business activity grew in January, with the HCOB composite PMI reaching a three-month high.
- A Supreme Court decision regarding Trump's attempt to fire Federal Reserve Governor Lisa Cook is pending.
- Asia-Pacific markets rose, tracking Wall Street gains, while U.S. equities were mixed.
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