Frankfurt, Jan 19, 2026, 21:54 CET — The market has closed.
Siemens (SIEGn.DE) shares fell 1.6% to close at 256.00 euros on Monday, having fluctuated between 251.78 and 256.43 euros during the session in Frankfurt. 1
The move paves the way for a shaky start Tuesday. Siemens, a key indicator of both German industry and worldwide capital expenditure, often sees its company details overshadowed by trade news.
Germany’s DAX dropped 1.3%, ending the session at 24,960.33. The slide came after U.S. President Donald Trump threatened to impose an additional 10% tariff on imports from Germany and seven other European nations amid a spat over Greenland. U.S. markets were closed for the Martin Luther King Jr. holiday. Stephen Innes from SPI Asset Management described the move as “a slow rebalancing story.” 2
Siemens disclosed it bought back 179,369 shares from Jan. 12 to Jan. 18, with weighted average prices hovering between 257 and 261 euros, according to a regulatory filing. Since kicking off the programme on Feb. 12, 2024, the firm has repurchased a total of 20,556,444 shares. A commissioned bank handles these transactions on Xetra, the main electronic trading platform in Frankfurt. 3
Buybacks cut the number of shares on the market, tightening supply. But during a week like this, they often fly under the radar.
Some economists and strategists remain skeptical that the latest tariff threat will lead to immediate action. “We doubt that (the tariffs) will be implemented as advertised,” said Andrew Kenningham, chief Europe economist at Capital Economics. Kyle Rodda, senior market analyst at Capital.com, noted the rhetoric has added “some downside pressure” to equities, with Europe’s STOXX 600 suffering its largest drop in two months. 4
Siemens will drop its first-quarter fiscal 2026 results on Feb. 12, followed by an analyst call at 8:30 CET. 5
Traders are set to monitor closely for any follow-up moves—or retreats—in the tariff conflict, along with hints that European governments might be gearing up to react. Headlines like these will probably drive Siemens’ performance in the upcoming session.
