Market report: Customs uncertainty weighs on inventory market | tagesschau.de | EUROtoday

market report

As of: February 23, 2026 • 7:41 a.m

Will there be one other customs dispute with the USA? The uncertainty is weighing on buyers’ temper, and considerations about an escalation within the Middle East are additionally weighing on them. But the 25,000 level mark nonetheless appears to be holding.

At the beginning of the week, German inventory buyers reacted tensely to US President Donald Trump’s newest tariff risk. The dealer IG estimates the German main index round 0.8 p.c decrease to 25,057 factors earlier than the common Xetra begin.

Last Friday, the DAX ended buying and selling with a premium of 0.9 p.c to 25,260 factors. Investors welcomed the US Supreme Court’s choice in opposition to the US authorities’s world tariffs.

The U.S. Supreme Court dominated that Trump exceeded his authority when he invoked emergency legislation to impose sweeping tariffs on dozens of buying and selling companions.

The ruling deprives the authorized foundation of the “reciprocal tariffs” with which the US authorities has most likely collected round $130 billion to this point, feedback Ulrich Stephan, chief funding strategist for personal and company prospects at Deutsche Bank. “It will have to be clarified in lower courts whether and to what extent these customs revenues have to be paid back to US importers,” explains the knowledgeable.

The potential new tariff dispute extends the already lengthy listing of burdens on the monetary market. In addition to the tariffs, the concern of a navy battle between the USA and Iran dominates. According to specialists, the temper on the inventory exchanges has been clouded by the chance of escalation within the Middle East. The DAX is predicted to proceed consolidating and hovering across the 25,000 level mark.

“The stock markets are currently moving sideways near their all-time highs. Due to the threat of military strikes by the USA against Iran, the consolidation is likely to continue for the time being, as the rising oil price is increasingly becoming a burden,” say market specialists at Commerzbank.

When it involves financial information this week, buyers pays specific consideration to right now’s ifo enterprise local weather index. Consumer costs for February are due on Friday, that are significantly essential with regard to the ECB’s financial coverage. On Wednesday, the GfK enterprise local weather and information on German financial progress might stimulate curiosity. Investors ought to give attention to shopper confidence figures from the USA on Tuesday.

Among the person corporations, the steadiness sheet of the US expertise group Nvidia is predicted on Wednesday. When it involves AI values, doubts are rising as as to whether the huge investments in synthetic intelligence will truly result in the hoped-for will increase in gross sales and income. So if the numbers disappoint, it might weigh on the general market.

While the inventory market in Japan remained closed for a vacation, the MSCI index for Asian shares outdoors Japan rose 0.8 p.c. The inventory alternate in South Korea and the main index in Taiwan continued their report hunt with a rise of 1.2 p.c every. Markets in Shanghai and Shenzhen additionally remained closed.

According to specialists, there’s additionally some nervousness in Asia: “The customs landscape is now more uncertain than before, and uncertainty is not good news for any economy or market,” mentioned Rodrigo Catril, international alternate strategist at NAB. China, in the meantime, introduced a “full assessment” of the scenario and known as on Washington to raise the “unilateral tariff measures.”