DAX Pushes Higher After US Court Tariff Ruling

2026-02-20 15:47 By Luisa Carvalho 1 min. read

Frankfurt's DAX 40 extended early gains to trade 0.8% higher around 25,230 on Friday, after the US Supreme Court struck down the reciprocal tariffs imposed by Donald Trump.

The Court ruled that Trump exceeded his authority when he invoked emergency legislation to impose sweeping tariffs on dozens of trading partners, including the European Union.

The decision triggered a rally in automotive stocks such as Porsche (2%), Mercedes-Benz (0.9%), and BMW (0.9%) and VW (0.4%), which have been particularly affected by US tariffs.

Banks also advanced solidly, with Deutsche Bank and Commerzbank rising 1.7% and 1.2%, respectively.

Meanwhile, traders assessed global economic data and the ongoing earnings season, while also keeping an eye on geopolitics.

On the data front, a flash PMI survey revealed that German private sector activity performed better than expected in February, accelerating to a four-month peak.

For the week, the index rose over 1%.



News Stream
DAX Finishes Lower
Frankfurt's DAX 40 pared early losses to close about 0.6% down at 23,168 on Thursday, following reports that Iran and Oman were working on a memorandum of understanding concerning safe maritime traffic in the Strait of Hormuz. Earlier, President Trump’s address drove oil prices higher, as he promised a swift end to the Middle East conflict but warned Iran of further attacks on its power plants if no deal is reached. The deadline for action to reopen the Strait of Hormuz, extended by Trump, expires on April 6. Most sectors posted losses, with technology, financials, and industrials among the hardest hit. In equities, Deutsche Telekom slipped 3.3% as it traded ex-dividend, reflecting a €1.00 payout per share. Infineon (-3.2%), Heidelberg Materials (-2.7%), Siemens (-2.6%), Deutsche Bank (-2.6%) and Commerzbank (-2.6%) also saw steep losses. For the week, the index gained about 3.9%. The DAX will be closed Friday for the Easter holiday.
2026-04-02
The DAX Index Closes 0.56% Lower
The DAX Index decreased -131 points or 0.56 percent on Thursday to close at 23168 points. The decline was led by Deutsche Telekom (-3.36%), Infineon (-2.99%) and Henkel (-2.66%). On the upside, the strongest performers were E.ON (2.20%), Deutsche Boerse (1.91%) and Hannover Rueck (1.20%).
2026-04-02
DAX Slips on Thursday
Frankfurt's DAX 40 fell 1.5% to below 23,000 on Thursday, reversing yesterday's sharp gain, as hopes of a quick resolution of the Middle East conflict faded. In his first national address since the Iran war began, Donald Trump gave no timeline for ending the conflict and offered no plan to reopen the Strait of Hormuz, while pledging further strikes on energy facilities if Tehran rejects a deal. His rhetoric triggered a sharp rise in oil prices, reigniting fears of rising inflation and slowing economic growth. Selling pressure spread across most sectors, with technology, financials, and industrials leading the declines. In equities, Infineon (-4.8%), Siemens Energy (-4.2%), Heidelberg Materials (-2.9%), Siemens (-2.8%), Airbus (-2.6%) and MTU Aero Engines (-2.5%) were among the top losers. Deutsche Bank and Commerzbank dropped 3.5% and 2.3%, respectively. Still, the DAX was poised for a weekly gain of nearly 3%.
2026-04-02