30 am – roughly 0..5 % below Friday’s closing figure. The strongest performers were Commerzbank, Henkel and RWE, while SAP, Zalando and Airbus were at the bottom of the gains list.
Consorsbank’s chief market analyst, Jochen Stanzl, said that new tariff anxieties and a looming U.S. strike on Iran have put double pressure on the German index at the start of the week. He added that the tariff fears have not yet triggered a broad sell‑off in equities; instead, investors are already hunting for potential winners that could emerge from a Supreme Court ruling. According to Stanzl, international shares – including European ones – might benefit as investors continue to shift away from U.S. stocks. He noted that the U.S. president must now demonstrate that he can still fund his policy agenda without revenue from reciprocal tariffs, which would need Congressional approval to be enforced. The stronger euro versus the dollar at the beginning of the week, he said, could hint that the U.S. government might be forced to reimburse about $130 billion to companies that have already paid reciprocal tariffs and are suing.
Stanzl further warned that President Trump can no longer sign permanent tariffs into law – an action that requires congressional consent. With potential dissenters in his own ranks, he cannot secure a majority. In trade policy this means the U.S. could face more confident negotiating partners, and several previously negotiated tariff agreements-including the yet‑unratified EU‑U.S. accord-could potentially be revived.
Currency movements on Monday showed the euro slightly stronger: 1 euro = 1.1817 U.S. dollars, which translates to 1 dollar = 0.8462 euros.
Oil prices slipped that same morning. A barrel of North Sea Brent fetched about 71.09 U.S. dollars at roughly 9:00 am German time – a decline of 67 cents, or 0.9 %, from the prior day’s close.
