Tariff jitters hit Europe, autos fall
STOXX 600 down 0.6%
Trump tariffs in focus
Autos fall
Wall St futures steady
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TRADE JITTERS HIT EUROPE, AUTOS DOWN
Europe's STOXX 600 .STOXX is down 0.6%, having fallen as much as 1% in early trade and every sector is flashing red, jolted by trade war concerns after U.S. President-elect Donald Trump pledged tariffs on all imports from Canada and Mexico, and additional tariffs on China.
Autos .SXAP are the hardest hit, with the basket down 2% and losses are led by Italy's Stellantis STLAM.MI, down 4.3%, France's Valeo .VLOF.PA, off 3.3%. Volkswagen .VOWG_p.DE is down 2.4% and Daimler Truck DTGGe.DE is down 4.6%.
Food and beverages .SX3P are falling 1.4%, with the UK's Diageo DGE.L featuring near the bottom of the index, off 3%.
Retailers .SXRP are down 1.3% as Swiss travel retail company Avolta falls 8.7% after a broker downgrade, and UK sports fashion retailer JD Sports JD.L drops 2.9%.
British aerospace manufacturing company Melrose Industries .MRON.L is the top riser of the STOXX 600 and FTSE 100, rising 6.7%. JP Morgan has raised its target price on Melrose to 850p from 650p.
(Lucy Raitano)
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FOR TUESDAY'S OTHER LIVE MARKETS POSTS:
EUROPE BEFORE THE BELL: TRUMP TARIFF JITTERS WEIGH CLICK HERE
TRUMP'S TARIFF POST SENDS MARKETS SCRAMBLING CLICK HERE
Trade war https://reut.rs/3V98N4Z
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