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2026.02.2015:47:17UTC+00DAX Pushes Higher After US Court Tariff Ruling

Frankfurt's DAX 40 extended early gains on Friday, climbing 0.8% to around 25,230 after the US Supreme Court struck down the reciprocal tariffs imposed under former President Donald Trump. The Court ruled that Trump exceeded his authority when he invoked emergency legislation to levy broad tariffs on numerous trading partners, including the European Union.

The decision sparked a rally in automotive stocks, which had been among the hardest hit by US trade measures. Porsche advanced 2%, while Mercedes-Benz and BMW each gained 0.9%, and Volkswagen rose 0.4%. Bank shares also moved higher, with Deutsche Bank up 1.7% and Commerzbank 1.2%.

At the same time, investors evaluated global economic data and the ongoing corporate earnings season, while monitoring geopolitical developments. On the data front, a flash PMI survey showed German private sector activity in February outperforming expectations and accelerating to a four-month high. For the week, the DAX 40 is on track to gain about 1.3%.

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