The European Union flag flies outside the EU headquarters in Brussels, Belgium, on December 19, 2025. (Photo: Jonathan Raa/NurPhoto via Getty Images)
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LONDON—European stock markets rose on Friday after the U.S. Supreme Court ruled against a significant portion of U.S. President Donald Trump’s global tariffs.
pan-european Stocks 600 The stock closed 0.8% higher after the Supreme Court ruled 6-3 to abolish the tariff policy. All major stock exchanges and most sectors in the region moved into positive territory in afternoon trading.
More European companies reported earnings on Friday, including: air liquid, Danone, deer, British American, and kingspan group.
Shares of Italian luxury companies moncler Shares soared 15% on Friday to the top of the Stoxx 600 after the company announced full-year profits after Thursday’s close. Group sales reached 3.13 billion euros ($3.7 billion) in 2025, up 3% at constant exchange rates and beating analyst expectations.
major mining company anglo american The company closed up about 1%, reporting 2025 adjusted core profit of $6.4 billion, up from $6.3 billion a year earlier, due to strong performance in copper and high-grade iron ore and significant cost savings amounting to $1.8 billion annually. Net debt decreased to $8.6 billion.
However, the group reported a net loss of $3.7 billion amid challenging market conditions, mainly due to a $2.3 billion pre-tax impairment in its De Beers Diamonds division. Anglo American CEO Duncan Wanblad said the company was moving forward with separating De Beers.
Elsewhere in the UK, UK retail sales are estimated to grow by 1.8% in January 2026, up from 0.4% in December 2025, according to data from the Office for National Statistics, indicating an improvement in the economy. Additionally, sales volumes increased by 4.5% over the year.
Britain’s public finance report released on Friday showed the public sector recorded a surplus of 30.4 billion pounds ($40.8 billion) in January 2026, double the level recorded the previous year. Since the start of the financial year in April 2025, public borrowing was £112.1bn, down 11.5% on the same period last year.
of british pound It was last trading 0.2% higher against the dollar at $1.349. Yields on British bonds (gilts) varied widely. of 10 years gilt It declined by 2 basis points to 4.35%, but 2 year gilt The index rose less than 1 basis point to about 3.58%.
U.S. GDP grew by just 1.4% in the fourth quarter, well below expectations, according to Atlantic-wide data.
Geopolitical tensions remain a focus, with President Trump reportedly considering a limited strike against Iran to counter Tehran’s resistance to the nuclear deal.
When asked if he was considering a limited attack on Iran, Trump said, “I would say we are considering it,” according to Reuters. The president’s comments come amid a major U.S. military buildup in the Middle East region in recent days.
Earlier, President Trump said on Thursday that he would decide whether to take military action against Iran in the next 10 days.
