European Markets Hit Historic Highs Following US Supreme Court Tariff Ruling

Historic Peaks and Strong Gains European stock markets concluded the final trading day of the week with significant gains following a landmark US Supreme Court decision regarding trade policies.
Increased risk appetite drove leading regional indices to record-breaking levels.
The benchmark Stoxx Europe 600 index rose 0.84% to 630.56 points, while the Eurozone's leading EuroStoxx 50 index gained 1.18% to reach a new record of 6,131.31 points.
Performance Across Major Indices In the United Kingdom, the FTSE 100 index climbed 0.56% to 10,686.89 points, renewing its historic peak.
Germany's DAX 40 index rose 0.87% to 25,260.69 points, while France's CAC 40 index increased by 1.39% to 8,515.49 points.
Italy's FTSE MIB 30 index saw a gain of 1.48%, closing at 46,472.98 points.
Critical Tariff Ruling from the US Supreme Court The primary source of market optimism was the US Supreme Court's ruling on additional customs tariffs implemented by President Donald Trump.
In a 6-3 vote, the court ruled that the International Emergency Economic Powers Act (IEEPA) does not grant the president unilateral authority to impose tariffs.
The ruling emphasized that, under the US Constitution, the power to impose taxes and duties belongs to Congress.
This legal development is viewed as a positive signal for the European Union and other trading partners, significantly reducing the risk of trade wars.
Luxury Sector and Macroeconomic Data Following the decision, European equity markets experienced a surge, particularly led by the consumer goods sector.
Italian fashion house Moncler saw its value jump by more than 17% following strong fourth-quarter data.
Other major players also posted gains, with LVMH rising 4.4%, Hermes 3.6%, and Burberry 3.3%.
Investors also closely monitored macroeconomic data released during the day.
In Germany, producer prices (PPI) fell by 3.0% year-on-year in January, marking the sharpest decline in nine months.
Additionally, Germany's Composite Purchasing Managers' Index (PMI) rose to 53.1 in February, while the manufacturing PMI reached 50.7, entering expansion territory for the first time in three and a half years.
In the United States, fourth-quarter growth data met expectations at 1.4%.
Meanwhile, statements from President Trump regarding a limited timeframe for a potential deal with Iran kept geopolitical risks on the agenda.