Europe closes lower as CAC 40 leads losses, dollar strength and firmer yields pressure risk assets
Executive summary: European equities ended the session broadly lower, with France’s CAC 40 posting the sharpest decline among the major benchmarks in the supplied data. The move came alongside a firmer US dollar, weaker euro and pound, and a mixed commodities backdrop, where silver and platinum outperformed while Brent crude, gold and palladium slipped. The pattern points to a cautious risk tone across Europe, with currency moves and energy prices adding to the pressure on exporters, banks and cyclicals. [Continue Reading]
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