Mixed markets react as Supreme Court curbs Trump's tariff powers
A boost came from the U.S. Supreme Court's decision to largely strike down tariffs imposed by then-President Donald Trump. In a 6-3 ruling, the court found that Trump had overstepped his authority with his tariff policy and would require explicit approval from Congress for such sweeping measures. It remains unclear, however, what impact the decision will have on the medium-term direction of U.S. trade policy, as Republicans—Trump's party—currently hold majorities in both chambers of Congress.
Just before the close of trading, shares of Adidas, Porsche, and Siemens led the gains on the Frankfurt Stock Exchange, while Bayer stocks lagged at the bottom of the index.
Meanwhile, natural gas prices fell: March delivery contracts for one megawatt-hour (MWh) dropped to €32, a 6% decline from the previous day. If prices remain at this level, consumers can expect to pay at least around 8 to 10 cents per kilowatt-hour (kWh), including taxes and additional costs.
Oil prices also declined: A barrel of North Sea Brent crude traded at $71.25 around 5 p.m. German time on Friday, down 41 cents—or 0.6%—from the previous session's close.
The euro strengthened slightly against the dollar on Friday afternoon, with one euro fetching $1.1776, while a dollar traded for €0.8492.
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