Monday 19 January 2026
The Mighty Headlines
Economics: EU to pause approval of US-EU trade deal over Greenland
Business and markets: Canada makes China deal after US trade tensions
Foreign Affairs: NASA’s Artemis II moon rocket reaches launch pad
Security and intelligence: UK to decide on new Chinese “mega” embassy
Domestic politics: UK Chancellor travels to Davos tomorrow
The Mighty Stats
FTSE = 10,235.29 (down 0.036%)
S&P 500 = 6,940.01 (down 0.064%)
Nasdaq = 23,515.39 (down 0.062%)
Stoxx 600 = 614.38 (down 0.031%)
£1 = $1.34 / €1.15
Lab / Con / Reform = 19 / 20 / 28 per cent (Techne, 14-15 January)
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The Mighty Detail
Economics: EU lawmakers are set to pause approval of the US-EU trade deal. It follows President Trump’s statement on Saturday that he would put up to 25 per cent tariffs on major European nations unless the US could buy Greenland.
The US-EU trade deal lowers EU tariffs on some key US industrial products in return for the EU accepting 15 per cent tariffs on most EU goods.
Business and markets: Canada has agreed to remove its 100 per cent tariffs on Chinese electric cars. It comes after Prime Minister Mark Carney’s visit to China last week, in which he said that China was a “more predictable” trading partner than the US.
The move is a significant departure from normal Canadian trade practices which usually align with those of the US.
Some environmental campaigners have welcomed the deal, but Canadian auto executives and the US Government have both criticised the move, saying it could harm North American car manufacturing.
Foreign Affairs: NASA’s Artemis II moon rocket arrived at its launchpad at the Kennedy Space Centre in Florida on Saturday. Although it won’t land on the lunar surface, Artemis II will still be the first crewed mission to the moon since Apollo 17 in 1972. A launch date is set for between February and April 2026.
Security and intelligence: The UK Government is due to decide by tomorrow on whether to approve plans for a new Chinese “mega” embassy on the site of the former Royal Mint near Tower Bridge in London. The plans have drawn controversy because of concerns about the espionage risk to sensitive data cables underneath the building.
Domestic politics: The Chancellor of the Exchequer, Rachel Reeves, will lead a UK delegation at the World Economic Forum in Davos tomorrow. The Chancellor will seek to encourage investment in the UK and will attend a roundtable with JP Morgan CEO Jamie Dimon.
The Mighty Calendar
What’s happening today?
US public holiday (Martin Luther King Jr Day)
World Economic Forum meetings begin, Davos, Switzerland
Education Questions in UK House of Commons
Eurozone CPI inflation data (December) – set to fall from 2.1% to 2.0%
Company results from: Marshalls
Lookahead to tomorrow
Energy Questions in UK House of Commons
UK average earnings data (November)
UK unemployment rate (November)
Company results from: Rio Tinto, Netflix
The Mighty Finale
🌤️Weather today
Light rain across most of England but sunny spells in the southwest. High of 11C and low of 7C in London. Light rain in Belfast and Edinburgh.
✏️Life coaching quote of the day
“Fear and self-doubt have always been the greatest enemies of human potential.” – Brian Tracy, motivational speaker
Mighty takeaway: Push past your self-made obstacles and follow your dreams.
That’s it for this Monday morning. Thank you for reading and we hope you have a good start to the week.
Bye!
The Mighty Memo team
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