European Markets Whiplash: Defense Stocks Soar as Luxury Lags in 48-Hour Rollercoaster
Major indexes in Europe seesawed between gains and losses over the two-day span, reacting to a flurry of news. On Wednesday Sept. 24, the broad STOXX Europe 600 slipped -0.2% by the close reuters.com. Regionally, performance was mixed – the UK’s FTSE 100 actually rose +0.3%, and Germany’s DAX edged up +0.2%, while France’s CAC 40 sank -0.6% to a two-week low nasdaq.com. Spain’s IBEX 35 and Italy’s FTSE MIB also leaned negative, but with smaller declines. This divergence reflected differing sector weights: London’s FTSE was propped up by its commodity-heavy constituents, whereas Paris’s luxury and industrial names dragged it down.