European Indexes Mostly Down as Defense Stocks Fall on Peace Hopes -- Market Talk

Dow Jones12-16 16:49

0849 GMT - European indexes open mostly lower as defense stocks slump after the U.S. pledged to protect Ukraine from a future Russian attack. The German DAX is the biggest early mover, dropping 0.55% in part due to Rheinmetall, which tumbles 3.65%. The U.K.'s FTSE 100 drops 0.2% as BAE Systems and Babcock drop 2.4% and 2%, respectively. Italy's FTSE MIB 0.2% opens up as gains for banks outweigh a 3.3% drop for defense company Leonardo. Banks also pull the Spanish IBEX 35 to a 0.2% rise, even as Indra Sistemas drops 5%. Elsewhere, falls for AI-related companies hold the French CAC to par as STMicroelectronics drops 2.7%, while the Dutch AEX sheds 0.6% on losses for its microchip-related manufacturers. (josephmichael.stonor@wsj.com)

 

(END) Dow Jones Newswires

December 16, 2025 03:49 ET (08:49 GMT)

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