DENMARK: US Delegation To Meet PM; Trump Envoy Says Greenland Deal To Be Made
An 11-strong bipartisan delegation from the US Congress has concluded a meeting with members of the Danish parliament and has been speaking to the press in Copenhagen. The group, comprised of four Democratic senators, two Republican senators, and five Democratic House members, is also due to hold talks with PM Mette Frederiksen and Foreign Minister Lars Lokke Rasmussen this evening.
- Sen. Chris Coons (D-DE) says that there is no threat to Greenland from China or Russia at present, and that if that situation changes, the right thing to do is address it through NATO. Sen. Lisa Murkowski (R-AK) says that opinion polls have shown 75% of Americans think it is a bad idea for their country to take over Greenland.
- The efforts of the bipartisan delegation, comprised of lawmakers viewed as moderates within their respective parties, could be overshadowed by comments from President Trump's 'special envoy' for Greenland, Louisiana Gov. Jeff Landry (R).
- Speaking to Fox News, Landry confirmed that he intended to visit Greenland in March, and that "I do believe that there's a deal that should and will be made once this plays out. The president is serious. I think he's laid the markers down. He's told Denmark what he's looking for, and now it's a matter of having Secretary (of State Marco) Rubio and Vice President JD Vance make a deal."
- Coons acknowledges that he is unlikely to relay the strong opposition to a US takeover directly to Trump, but that he hopes to talk to Rubio about the congressional visit.
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US-RUSSIA: RTRS-White House: No Decision From Trump On New Russia Sanctions
Reuters reports comments from a White House official stating that President Donald Trump "has made no new decisions regarding new Russian sanctions at this time". As noted in our US Daily Brief (MNI POLITICAL RISK-Trump To Deliver Primetime Address @ 2100ET), Bloomberg News reported that “The US is preparing a fresh round of sanctions on Russia’s energy sector to increase the pressure on Moscow should President Vladimir Putin reject a peace agreement with Ukraine”.
- The measures would look to target the ‘shadow fleet’ of Russian tankers used to transport sanctioned oil. Traders facilitating these transactions would also be subject to US sanctions, according to people familiar with the matter. Treasury Secretary Scott Bessent is believed to have discussed the prospect of tighter sanctions when talking to the group of 27 ambassadors from EU nations on 15 December.
- The EU has imposed multiple rounds of sanctions on Russia, but to little effect with regard to Moscow’s ability to continue waging war on Ukraine. While the US is unlikely to go as far as the EU in some of its sanctions, the fact that it will be viewed as putting pressure on Moscow, rather than Kyiv, to accept (still unagreed) terms of a peace framework is likely to be met with a warm reception in Ukraine and Europe.
MNI EXCLUSIVE: Alberta Tribal Group Head On Pipeline Outlook
The head of an Alberta tribal group discusses the outlook for a crude oil pipeline to Canada's west coast -- on MNI Policy MainWire now, for more details please contact sales@marketnews.com.
EQUITY TECHS: E-MINI S&P: (H6) Pierces Support
- RES 4: 7100.00 Round number support
- RES 3: 7048.21 2.0% Upper Bollinger Band
- RES 2: 7014.00 High Oct 30 and the bull trigger
- RES 1: 6932.25/6988.00 High Dec 15 / 12
- PRICE: 6857.00 @ 14:36 GMT Dec 17
- SUP 1: 6831.93/6817.50 50-day EMA / Low Dec 16
- SUP 2: 6785.50 50.0% retracement of the Nov 21 - Dec 11 rally
- SUP 3: 6737.71 61.8% retracement of the Nov 21 - Dec 11 rally
- SUP 4: 6684.50 Low Nov 24
A bull cycle in S&P E-Minis remains intact and the latest pullback - for now - is considered corrective. Initial support to watch is 6831.93, the 50-day EMA. It has been pierced, a clear break of this average would signal scope for a deeper retracement. Note that the key support and reversal trigger lies at 6583.00, the Nov 21 low. For bulls, a resumption of gains would refocus attention on the key resistance and bull trigger at 7014.00, the Oct 30 high.
