Europe closes lower as DAX leads the selloff, while silver and energy surge on a sharp risk reset
Executive summary: European equities ended the session under pressure, with the DAX, CAC 40, Euro Stoxx 50 and FTSE 100 all lower. The move came alongside a broad jump in commodities, led by silver, platinum, Brent crude and natural gas, while the euro and sterling weakened against the dollar. The scale of the commodity rally and the equity decline points to a market repricing of inflation, rates and geopolitical risk, even as some cyclical pockets such as global autos held up better than the main benchmarks. [Continue Reading]
Tokyo closes higher as Nikkei extends record run, Korea surges, and commodities lead a broad Asia-Pacific risk bid
Executive summary: Tokyo and broader Asia-Pacific trading ended with a mixed but mostly constructive tone, led by a fresh Nikkei 225 gain of +0.7% and a powerful Kospi rally of +6.4%. Commodity-linked moves were even more striking, with silver jumping +8.8%, WTI crude rising +5.7%, and platinum advancing +4.4%. The ASX 200 lagged, falling -1.9%, while the yen weakened and the yuan firmed modestly against the dollar. [Continue Reading]
