Supreme court rules 6-3 against trump on tariffs. The Court rules that the President lacks authority under IEEPA to impose tariffs. IEEPA does not grant the executive power to levy such tariffs. There is no automatic decision to refund tariffs but the Supreme Court says importers can pursue claims through the US Court of International Trade.
Supreme Court does not address eligibility for tariff refunds.
Traders now see FED waiting until July to cut rates.
US100 gains on this news; US dollar however ticks lower.
Chart of the Day: US100 (Nasdaq 100). Rebound in AI trade vs. weakening technical picture
Macro Calendar - UK Labor Market, ZEW Sentiment, and Wall Street Giants' Reports
📈Morning Brefieng: AI sector rebound collides with still-expensive oil (20.10.2026)
Daily Summary: Nasdaq and AI Stocks Rebound Ahead of Big Tech Earnings 🚀