0822 GMT - European indexes tumble at the open as oil surges above $110 a barrel and the Middle East conflict deepens. Basic materials stocks slide steeply, with miners pulling the U.K.'s FTSE 100 down 1%. Banks also fall, with Standard Chartered falling 4.9% and NatWest down 5.2%. The industrials-heavy German DAX loses 1.5%. Real estate stocks in the index tumble 5.7% as fears of an ECB rate hike this year intensify. France's CAC 40 is down 1.2%, dragged by basic materials and consumer-sensitive stocks like luxuries. Hotel group Accor slides 4.4%. Spain's IBEX 35 and the Italian FTSE MIB fall 1.5% and 1.25%, respectively, as banks and industrials sell off. ASML slips 1.6% in Amsterdam. (josephmichael.stonor@wsj.com)
(END) Dow Jones Newswires
March 19, 2026 04:22 ET (08:22 GMT)
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