0839 GMT - European indexes tumble in volatile early trading as luxuries and automakers sell off following President Trump's threatened 10% tariffs. The French CAC 40 and Italian FTSE MIB are the sharpest fallers of the continent's major indexes, and are down 1.2% and 1%, respectively. Luxury-goods manufacturers, many of which have their core production facilities on the continent, fall--LVMH and Hermes drop 3.7% and 2.8%, respectively, while Brunello Cucinelli falls 2.4% in Milan. Semiconductor companies sell off across the continent, with STMicroelectronics down 3.6%, while Suss Microtec and Infineon both fall around 3.4%. In Frankfurt, the DAX dips 1% as autos fall--BMW tumbles 4%. The U.K.'s FTSE 100 falls 0.1% as precious-metals miners gain, while in Madrid the IBEX 35 is down 0.4%. The Danish OMXC 20 falls 2%. (josephmichael.stonor@wsj.com)
(END) Dow Jones Newswires
January 19, 2026 03:39 ET (08:39 GMT)
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