1752 GMT - Most of Europe's top stock indexes close lower, with carmakers among the biggest losers, after President Trump floated 25% tariffs on the European Union. The Stoxx Europe 600 index falls 0.5%, having closed at a record high Wednesday. Italy's FTSE MIB sheds 1.5%, Germany's DAX ends the session 1.1% lower and France's CAC 40 is down 0.5%. Meanwhile, the U.K.'s FTSE 100 gains 0.3%. "European markets looked glum with shares in car makers and luxury goods brands lower, along with tequila maker Diageo," AJ Bell's Danni Hewson says in a market comment. BMW closes 3.8% lower, Porsche is down 3.6% and Mercedes-Benz falls 2.4%. Ferrari plunges 7.9%, hit by news that top shareholder Exor is cutting its stake. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
February 27, 2025 12:52 ET (17:52 GMT)
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