European equity markets finished Friday higher after the United States Supreme Court struck down a significant portion of President Donald Trump’s global tariff policy in a 6-3 ruling.
The pan-European Stoxx 600 index climbed roughly 0.8%, while major national benchmarks including the CAC 40, DAX, FTSE MIB and IBEX 35 also posted gains during afternoon trading.
Most industry sectors moved into positive territory as investors responded to expectations of improved trade conditions between global economic blocs.
Italian luxury fashion group Moncler led the index, surging 15% after reporting annual sales of €3.13 billion for 2025, exceeding analyst forecasts despite modest growth at constant exchange rates.
Mining group Anglo American closed slightly higher after reporting adjusted core earnings of $6.4 billion, supported by strong copper and premium iron ore performance alongside significant cost reductions.
However, the company still recorded a $3.7 billion net loss due to a large impairment charge linked to its De Beers diamond business separation process.
Uk Economic Indicators Strengthen
Economic data from Britain added support to markets, with retail sales rising 1.8% in January 2026 compared with December’s 0.4% increase, indicating stronger consumer activity.
Annual sales volumes climbed 4.5%, suggesting a sustained improvement in household demand despite broader global uncertainty.
Public finances also improved, showing a £30.4 billion surplus for January while borrowing since April 2025 declined by 11.5% compared with the previous year.
Sterling traded modestly higher near $1.349 against the dollar, while government bond yields were mixed across maturities.
Global Risks Remain
Across the Atlantic, U.S. fourth-quarter GDP growth came in at only 1.4%, falling below expectations and reinforcing concerns about slowing economic momentum.
Geopolitical tensions also remained a key focus after President Trump signaled possible military action against Iran, stating, “I guess I can say I am considering that.”
The remarks followed reports of a major military buildup in the Middle East and suggestions a decision could come within ten days.
