The Eurozone blue-chip stock index fell by 1%, with Kering, Stellantis, and the parent company of Louis Vuitton dropping by at least 4%
The Eurozone STOXX 50 index fell by 1.0% during the day, reporting 4868.80 points.
Most constituent stocks declined, with Kering currently down over 5.8%, Stellantis down 4.3%, LVMH down 3.97%, Pernod Ricard and Hermès down over 3.1%, making them the top five largest declines. BMW fell 2.4%, Infineon fell 2.3%, BASF fell 2.3%, Bayer fell 2.2%, while Ahold Delhaize currently rose 0.7%, ranking third, Deutsche Telekom rose 0.8%, and Iberdrola rose 1.2%