Overview
- The German benchmark is moving in a tight range around 24,000, with brokers citing a band near 24,150 to 23,785 and thin post‑holiday liquidity.
- An appeals court said President Donald Trump lacks authority under an emergency statute to impose broad tariffs, a decision that takes effect after October 14 and is expected to be challenged before the Supreme Court.
- Company news is steering stock moves as Deutz plans to buy drone‑propulsion specialist Sobek to enter defense, while SMA Solar cut guidance and now sees an operating loss with shares sharply lower pre‑market.
- Volkswagen was ordered in Brazil to pay about €26 million over slave‑like labor at an Amazon farm, which prosecutors called the country’s largest modern‑slavery penalty, and the company said it will appeal.
- Commodity and crypto markets reflect the cautious mood, with oil prices firmer on Russia–Ukraine supply concerns and Bitcoin rebounding above $110,000 as Trump‑family token WLFI fell on its exchange debut.