US equity index futures are opening lower on Globex to begin the week's trade. I guess I should come up with a narrative to 'explain', right? M'eh. The gap is small. If I had to pin it on anything it'd be the ratcheting higher of geopolitical tensions. But, I really wouldn't bother too much. The gap is very small and the week is just beginning. Also but, if you have alternative explanations, let me know in the comments. Re Nikkei:ICYMI: Japan's PM Takaichi is considering calling a snap election for mid-FebruarySummary:LDP lawmakers expect possible Lower House dissolution in late JanuarySnap election could be held as early as FebruaryTakaichi citing inflation relief and economic impact as prioritiesRuling bloc holds slim Lower House majority, Upper House minorityElection logistics already being quietly preparedEarlier:EUR wobbles - France budget at risk as confidence votes threaten government collapseSummary:France warns 2026 budget may be delayed past March electionsConfidence votes next week threaten government survivalPossible National Assembly dissolution if government fallsBudget talks already late amid deficit concernsPolitical uncertainty weighs on fiscal credibilityEurope moves to boost NATO Arctic presence to counter Trump’s Greenland rhetoric/threatSummary:UK and Germany are leading talks on boosting European and NATO military presence in Greenland.Germany plans to propose a NATO Arctic mission, Arctic Sentry, modelled on Baltic Sentry.Move aims to undercut Trump’s argument that the US must control Greenland for security.European concern has intensified after recent US military action in Venezuela.Denmark seeks diplomacy to counter what it calls exaggerated US security claims.Trump orders special forces to draft Greenland invasion plan - UK Sunday Daily Mail reportSummary:Daily Mail reports Trump has ordered US special forces to prepare invasion plans for Greenland.Senior US military leaders are resisting the plan, calling it illegal and lacking congressional backing.Advisers led by Stephen Miller are said to be pushing the idea after the Venezuela operation.British diplomats see a possible political motive ahead of US mid-term elections.European officials warn extreme scenarios could fracture NATO.For markets:Escalatory Greenland rhetoric raises geopolitical tail risks in the Arctic region.Any strain on NATO cohesion would be negative for European security confidence.Heightened geopolitical uncertainty typically supports safe-haven assets.FX volatility could rise if US-Europe relations deteriorate.Energy and defence sectors may see increased risk-premium pricing.Trump floats one-year 10% credit-card rate cap, offers zero enforcement detail, just talkSummary:Trump calls for 10% credit-card APR cap for one year, effective Jan 20, 2026.No enforcement detail: unclear if voluntary or government-mandated.Part of a populist “affordability” burst this week (incl. MBS buying idea and ban on institutional home buyers).Big gap to current pricing: Fed data shows 22.30% (Nov 2025) on the key credit-card rate series.Without legislation / clear authority, this looks like headline politics first, policy mechanics later.Looking ahead:Newsquawk Week Ahead: US Earnings, US CPI, US Retail Sales, UK GDP, and China TradeMon: Japanese Holiday (Coming of Age Day); M2 & New Yuan Loans (Dec)Tue: EIA STEO; US NFIB (Dec), CPI (Dec)Wed: NBP Policy Announcement; US PPI (Nov; Oct-cancelled), US Retail Sales (Nov)Thu: UK GDP Estimate (Nov), EZ Trade (Nov), US Export/Import Prices (Dec; Nov-cancelled), NY Fed Mfg survey (Jan), Weekly Claims (w/e 3rd Jan), Chinese House Prices (Dec)Fri: US Industrial Production (Dec) This article was written by Eamonn Sheridan at investinglive.com.