Europe closes mixed as oil spikes, crypto slides and rate-sensitive assets come under pressure
Executive summary: European equities finished mixed to weaker on the session, with the CAC 40 and Euro Stoxx 50 leading declines while the FTSE 100 eked out a small gain. The broad tone was risk-off, as Brent crude jumped more than 5%, Ether fell more than 10%, and precious metals also softened. The move points to renewed inflation anxiety and tighter financial conditions, even as sterling held firmer and the euro slipped against the dollar. [Continue Reading]
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European markets close lower as yields, oil and FX pressure risk appetite, FTSE leads declines
Executive summary: European equities finished broadly lower, with the FTSE 100, DAX, CAC 40 and Euro Stoxx 50 all slipping as investors weighed firmer oil, a stronger dollar and higher rate pressure. Natural gas was the standout mover, while Ether, palladium and platinum fell sharply. The euro weakened against the dollar, sterling also eased, and Brent crude drifted lower but remained elevated enough to keep energy and inflation concerns in focus. [Continue Reading]

