economy
February 20, 2026
European stocks close higher after U.S. Supreme Court strikes down Trump's tariffs
European stocks finished higher on Friday after the U.S. Supreme Court ruled against a sizeable chunk of U.S. President Donald Trump's global tariffs.
TL;DR
- European stocks climbed, with the Stoxx 600 up 0.8% following the U.S. Supreme Court's decision to strike down Trump's tariffs.
- Several European companies reported earnings, including Air Liquide, Danone, Sika, Anglo American, and Kingspan Group.
- Moncler shares soared 15% after beating earnings estimates, with group sales reaching 3.13 billion euros in 2025.
- Anglo American reported adjusted core earnings of $6.4 billion for 2025, driven by copper and iron ore performance, despite a $3.7 billion net loss due to the De Beers unit.
- U.K. retail sales were estimated to have risen 1.8% in January 2026, and public finances showed a £30.4 billion surplus.
- U.S. GDP for the fourth quarter was lower than expected at 1.4%.
- President Trump is reportedly considering limited strikes on Iran amidst a U.S. military buildup in the Middle East.
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