European indexes start the second half of the year largely in the red. Banking and utilities stocks fall, though defense stocks gain as the Europe-wide Stoxx 600 slips 0.5%. London's FTSE 100 falls 0.4% amid weakness in housing and mining stocks, while Associated British Foods slides 3.15% after a business update. In Paris, the CAC 40 falls 0.4% as large banking stocks struggle, with Societe Generale losing 1.8%. Germany's DAX slips 0.1% as industrials giant Siemens moves 1.3% lower, though defense group Rheinmetall rises 2.4% following reports Germany wants to build more weapons domestically. Financials drag Spain's IBEX 35 down 0.85%, with Santander falling 1.3%. Italy's FTSE MIB loses 0.55%, as weakness in luxuries compounds losses for banks. The Dutch AEX drops 0.3% as miners weigh, while ASML loses 0.5%.(josephmichael.stonor@wsj.com)
Dow Jones Newswires
European Indexes Largely Down at Start of Second Half — Market Talk
European indexes start the second half of the year largely in the red. Banking and utilities stocks fall, though defense stocks gain as the Europe-wide Stoxx 600 slips 0.5%. London's FTSE 100 falls 0.4% amid weakness in housing and mining stocks, while Associated British Foods slides 3.15% after a…