23.02.202608:48:50UTC+00DAX Lags on Fresh Tariff Shock

Frankfurt’s DAX 40 slipped 0.6% to around 25,100 on Monday, giving back part of the prior session’s gains and lagging behind other major European indices, as investors reassessed global trade risks. The initial relief sparked by the United States Supreme Court’s decision to block broad tariff measures faded quickly after US President Donald Trump announced a new temporary 15% global levy, effective immediately.

Geopolitical tensions also weighed on sentiment. Relations between the United States and Iran remained strained, with President Trump keeping open the option of a military strike if nuclear talks fail.

At the same time, markets focused on earnings releases and corporate news. Rheinmetall, SAP, Airbus, and MTU Aero Engines were among the weakest performers on the index, each declining between 1.3% and 2%. In contrast, Commerzbank (+1.6%), Adidas (+1.1%), and Münchener Rück (+0.9%) led the gainers.