Evening Briefing Asia

Greenland Escalation Risk May Finally Challenge Global Stock Rally

Get caught up.

The flags of Denmark, left, and Greenland fly side-by-side in Ilulissat, Greenland.

Photographer: Juliette Pavy/Bloomberg

Investors’ latest challenge is working out what is going on with Greenland and what a potential split within NATO means for financial markets at a time when stocks are priced for perfection.

Right now, investors are taking some risk off the table. European stocks fell and S&P 500 contracts declined 0.8%, while the dollar weakened against most of its major peers. Gold and silver rallied to fresh records.