Frankfurt’s DAX 40 fell 0.6% to around 25,100 on Monday, following gains in the previous session and underperforming its regional peers, as investors weighed renewed trade uncertainty. A sense of relief following the United States Supreme Court’s decision to block broad tariffs quickly faded after US President Donald Trump on Saturday imposed a new 15% temporary global levy, effective immediately. On the geopolitical front, strained relations between the US and Iran continue, as President Donald Trump keeps open the possibility of a strike should nuclear negotiations break down. Industrials and tech stocks were hit hardest. Rheinmetall, SAP, Airbus and MTU Aero Engines were among the worst performers, with losses ranging between 1.3% an 2%. On the flip side, Commerzbank (1.6%), Adidas (1.1%) and Munchener Ruck (0.9%) posted the biggest gains.
The FTSE 100 traded 0.2% lower on Monday, after the UK benchmark notched its best week of the year, as renewed tariff uncertainty weighs on sentiment. Trade policy confusion returned to the forefront after the Supreme Court struck down President Donald Trump’s reciprocal tariff policy, prompting him to announce 10% global tariffs before revising them to 15%. The shifting stance is unsettling markets at the start of the week. Stocks most exposed to US tariffs lead losses, particularly overseas earners. AstraZeneca, BAE Systems and BAT are among the biggest drags. Financials and miners limit the decline as gold and silver gain on haven demand. Fresnillo and Endeavour Mining rise over 3%, while JD Sports jumps more than 3.5% on a £200 million buyback plan. Antofagasta, Glencore and Anglo American trade higher.
