European markets drop, drink stocks sink after Trump tariff threat

European markets are weathering their second day of heavy losses this week, with sell-offs persisting as EU-US trade tensions simmer.

At around 12pm CET, France’s CAC 40 was down 1.28%, Germany’s DAX slid 1.52%, Italy’s FTSE MIB dropped 1.49%, while Spain’s IBEX 35 fell 1.66%. The UK’s FTSE 100 was down 1.11%, while the broader STOXX 600 dipped 1.23%.