European stocks climbed on Friday after the U.S. Supreme Court struck down a significant portion of U.S. President Donald Trump’s global tariff measures.
CNBC reported that the pan-European Stoxx 600 closed 0.8% higher after the court voted 6–3 to overturn the tariffs policy. Major European markets and most sectors traded firmly in positive territory during afternoon dealings.
.FCHI CAC 40 Index 8,515.49 +116.71 +1.39%
.FTMIB FTSE MIB 46,472.98 +678.76 +1.48%
.FTSE FTSE 100 10,686.89 +59.85 +0.56%
.GDAXI DAX GR EUR INDEX 25,260.69 +217.12 +0.87%
.IBEX IBEX 35 Idx 18,186.00 +168.50 +0.94%
.STOXX STOXX Europe 600 630.56 +5.23 +0.84%
A number of European firms also released earnings updates on Friday, including Air Liquide, Danone, Sika, Anglo American, and Kingspan Group.
Italian luxury brand Moncler surged 15%, making it the top performer on the Stoxx 600, after reporting full-year results late Thursday. The company recorded group sales of 3.13 billion euros ($3.7 billion) in 2025, marking a 3% increase at constant exchange rates and surpassing analyst forecasts.
Mining major Anglo American finished roughly 1% higher after posting adjusted core earnings of $6.4 billion for 2025, compared with $6.3 billion a year earlier. The improvement was supported by strong copper and premium iron ore output, along with $1.8 billion in cost savings. Net debt fell to $8.6 billion.
Despite this, the company announced a net loss of $3.7 billion, largely due to a $2.3 billion pre-tax impairment charge related to its De Beers diamond division amid difficult market conditions. CEO Duncan Wanblad said progress is being made on plans to separate De Beers from the group.
In the U.K., retail sales rose by an estimated 1.8% in January 2026, up from a 0.4% increase in December 2025, according to the Office for National Statistics. On an annual basis, sales volumes were 4.5% higher, suggesting economic momentum.
Public finance data released Friday showed a £30.4 billion ($40.8 billion) surplus in January 2026, twice the level recorded a year earlier. Borrowing since the start of the fiscal year in April 2025 totalled £112.1 billion, representing an 11.5% decline compared with the same period the previous year.
The British pound was last trading 0.2% higher against the dollar at $1.349. U.K. government bond yields were mixed, with the 10-year gilt down 2 basis points at 4.35%, while the 2-year gilt edged up by less than 1 basis point to about 3.58%.
In the United States, fourth-quarter GDP growth came in at 1.4%, significantly below expectations.
Geopolitical concerns also remained in focus, as President Trump is reportedly weighing limited military strikes against Iran in response to tensions over a nuclear agreement.
Asked whether he was considering a limited strike, Trump said, “I guess I can say I am considering that,” according to Reuters. His remarks follow a substantial U.S. military buildup in the Middle East in recent days.
Earlier on Thursday, Trump stated he would decide within the next 10 days whether to take military action against Iran.