European indexes are mixed in muted early trade as a global slide in technology stocks bleeds into Europe. Luxury and consumer staple stocks strengthen, with the Europe-wide Stoxx 600 trading flat. Semiconductor-related stocks drag the AEX down 0.45% in Amsterdam, as ASML drops 2.2% while BE Semiconductor slides 2.6%. Germany's DAX is flat as gains for autos and defense stocks counter falls in AI-related stocks Siemens Energy and Infineon, which fall 2.75% and 2.1%, respectively. The FTSE 100 is flat in London, with J Sainsbury up 2.1% while banks edge lower. The CAC 40 gains, however, rising 0.3% as luxury bellwether LVMH rallies 1.9% after recent weakness. Grocer Carrefour gains 4%. Italy's FTSE MIB and Spain's IBEX 35 are flat.(josephmichael.stonor@wsj.com)
Dow Jones Newswires
European Indexes Mixed in Muted Opening Trade — Market Talk
European indexes are mixed in muted early trade as a global slide in technology stocks bleeds into Europe. Luxury and consumer staple stocks strengthen, with the Europe-wide Stoxx 600 trading flat. Semiconductor-related stocks drag the AEX down 0.45% in Amsterdam, as ASML drops 2.2% while BE Semico…