PARIS, Jan 19, 2026, 21:40 CET — Market closed.
L’Oréal (OREP.PA) shares ended down 1.0% at 380.95 euros on Monday, extending a three-session slide as investors cut exposure to European stocks after U.S. President Donald Trump threatened new tariffs tied to Greenland. The stock traded between 378.10 and 382.85 euros, with about 214,900 shares changing hands. 1
The move lands as markets start to price a fresh round of trade uncertainty, with European shares logging their biggest daily drop in two months. The STOXX 600 fell 1.2% and a euro zone volatility gauge — a measure of how much investors expect prices to swing — jumped to its highest since November. “Trump’s actions over the weekend have inflamed geopolitical risks while also reintroducing trade uncertainty,” said Kyle Rodda, senior financial market analyst at Capital.com, while Capital Economics’ Andrew Kenningham said he doubted the tariffs would be implemented as advertised. 2
In currency markets, the tariff threat revived talk of a “Sell America” trade — shorthand for investors trimming U.S. assets — and pushed the dollar lower against the euro and other European currencies. “For the most part so far it would appear to be more noise than signal at this point,” Leonard Kwan, a fixed income portfolio manager at T Rowe Price, said. 3
In Paris, the CAC 40 closed down 1.78% as technology, consumer goods and healthcare stocks fell. Luxury names led losses, with LVMH down 4.33% and Kering off 4.10%, leaving L’Oréal — another heavyweight consumer name — relatively resilient against the index. 4
Europe’s response is the next hinge. Danish Prime Minister Mette Frederiksen said Europe “will not be blackmailed”, and EU leaders are set to discuss options at an emergency summit in Brussels on Thursday, with some capitals pushing to consider the bloc’s “anti-coercion instrument” — a mechanism that can restrict market access in a dispute. 5
L’Oréal is the world’s leading cosmetics group, with skincare its biggest line, followed by makeup and haircare, according to Euronext’s company profile. That broad consumer footprint is usually a defensive draw, but trade headlines can still move the stock when risk appetite thins. 6
The risk is simple and messy: if tariff threats turn into policy, investors will have to handicap hit-through to demand, pricing and currency, and that can keep pressure on valuation-heavy consumer names. If the rhetoric cools — or implementation slips — the trade could unwind fast, and stocks that held up in the selloff may lag the bounce.
What the market watches next is L’Oréal’s own calendar. The company is scheduled to publish its 2025 annual results on Feb. 12 after the market close, followed by a financial information meeting on Feb. 13 — dates that will likely refocus attention on guidance and any commentary on trade risks. 7
