The 55 th Annual Meeting of the World Economic Forum opened this week with a powerful message and all-encompassing themes. Klaus Schwab, World Economic Forum Founder and Chairman of the Board of Trustees, global leaders, leaving no doubt about his message: the undeniable need for, in Schwab’s words, Collaboration for the Intelligent Age.

The STOXX 600 experienced a late-session jump as President Donald Trump delivered a speech remotely at the World Economic Forum. Limiting gains, were technology stocks that slid 1.5%, led by a 4.4% decline in computer chip equipment supplier ASML.

The U.S. president used the World Economic Forum to offer the global elite a warning: He intends to follow through on his “America First” campaign promises.