European Indexes Fall at Open Even as Defense Stocks Rally -- Market Talk

Dow Jones03-12

0830 GMT - European blue-chip indexes fall as oil rises again, though moves are more muted at the opening bell than in the previous session. The U.K.'s FTSE 100 slips 0.6% as banks and travel stocks fall, with investment bank HSBC sliding 3.6%. Luxury stocks drag the CAC 40 down 0.5% in Paris, while the industrial-heavy German DAX falls 0.4%. Automakers fall after BMW--down 2.2%--warned of lower earnings, though Rheinmetall picks up 3.9%. Spain's IBEX 35 falls 0.4% as banks move lower. In Milan, luxuries also weigh on the FTSE MIB as it falls 0.2%, though an early surge for Leonardo supports the index. The defense group gains 7.05% after posting earnings.(josephmichael.stonor@wsj.com)

 

(END) Dow Jones Newswires

March 12, 2026 04:31 ET (08:31 GMT)

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