"European Stocks" European stocks fell in early trading, with German and Italian markets down over 2%, pressured by banking and defense stocks

The market is concerned about the bad loans of American banks, U.S. stock futures fell during the Asian session, and European stocks opened lower, with significant declines in bank and defense stocks.

The pan-European STOXX 600 index fell by 10 points or 1.8%, closing at 561 points. The UK FTSE 100 index dropped by 155 points or 1.7%, closing at 9,280 points; the German DAX index fell by 519 points or 2.1%, closing at 23,752 points; the French CAC 40 index decreased by 85 points or 1%, closing at 8,103 points; the Spanish IBEX 35 index declined by 177 points or 1.1%, closing at 15,468 points; the Italian FTSE MIB index fell by 919 points or 2.2%, closing at 41,454 points.

European bank stocks were under pressure, with Deutsche Bank down 6.4%, Barclays down 5.9%, Standard Chartered and Société Générale down 4.8% and 4.7%, and Santander and BNP Paribas down 4% and 3.7%. Spain's BBVA failed in a hostile takeover of Sabadell Bank, with BBVA rising 5.6% and Sabadell Bank falling 7.3%. The U.S. and Russian presidents will discuss the Russia-Ukraine conflict in Hungary, with defense stocks Rheinmetall down 5.2% and Thales down 3%. Novo Nordisk's weight loss drug was named for a price cut by Trump, causing its stock price to drop 6.8%. Rivian Automotive is expected to continue to be affected by tariffs in the North American truck market next year, with its stock price falling 7.2%.

In U.S. stock futures, the Dow futures fell by 458 points to 45,702 points; the S&P 500 futures dropped by 86 points to 6,582 points; and the Nasdaq 100 futures fell by 373 points to 24,458 points.

In the Asia-Pacific stock market, the Shanghai and Shenzhen stock markets fell by 2% and 3%, the Hong Kong Hang Seng Index dropped by 641 points or 2.5%, closing at 25,247 points, with a turnover of 314.6 billion yuan. The Taiwan and Japanese stock markets fell by 1.3% and 1.4%, while the Korean stock market rose by less than 0.1%, and the Australian and New Zealand stock markets fell by 0.8%. The Indian Nifty 50 index rose by 61 points or 0.2%, closing at 25,646 points. The Singapore Straits Times Index fell by 33 points or 0.8%, closing at 4,322 points. The Philippine and Malaysian stock markets each fell by less than 0.1% and 0.4%, while the Thai and Indonesian stock markets fell by 1.2% and 2.6%, and the Vietnamese markets in Hanoi and Ho Chi Minh City fell by 0.4% and 2%