European stocks fell in early trading, with automotive and luxury goods stocks under pressure, while Bayer rose over 7%

European stocks fell in early trading as U.S. President Trump threatened to impose tariffs on eight NATO member countries until an agreement to annex Greenland is reached, raising market concerns about the previously reached U.S.-EU tariff agreement. The stock markets in France and Germany fell by 1.2% and 1%, respectively, while the UK stock market dropped by less than 0.1%. U.S. Dow futures fell by 0.8%, and U.S. markets are closed today (19th) for a holiday.

The pan-European STOXX 600 index fell by 5.01 points or 0.8%, closing at 609.37 points; the UK FTSE 100 index dropped by 9 points or less than 0.1%, closing at 10,225 points; the French CAC 40 index fell by 99 points or 1.2%, closing at 8,159 points; the German DAX index decreased by 264 points or 1%, closing at 25,033 points; the Spanish IBEX 35 index fell by 47 points or 0.3%, closing at 17,663 points; the Italian FTSE MIB index dropped by 426 points or 0.9%, closing at 45,372 points.

Automobile and luxury goods stocks were under pressure, with BMW and LVMH down by 4.2%, Mercedes-Benz and Porsche down by 3.6%, and Volkswagen and Hermès down by 3.3% and 2.8%, respectively. Sportswear stock Adidas also fell by 3.6%, and chip stock Infineon dropped by 3.2%. The U.S. Supreme Court agreed to hear Bayer's appeal regarding the Roundup herbicide cancer ruling, causing Bayer's stock price to rise by over 7%.

In U.S. futures, Dow futures fell by 402 points or 0.8%, closing at 49,145 points; S&P 500 futures dropped by 63 points or 0.9%, closing at 6,913 points; and Nasdaq 100 futures fell by 320 points or 1.2%, closing at 25,368 points.

In the Asia-Pacific stock markets, the Shanghai and Shenzhen stock markets rose by 0.3% and less than 0.1%, respectively, while the Hong Kong and Japanese stock markets fell by 1% and 0.7%. The Taiwan and South Korean stock markets rose by 0.7% and 1.3%. The Australian and New Zealand stock markets fell by 0.3% and 1%, while the Indian and Singaporean stock markets recently fell by 0.6%