Europe closes mixed as oil slides, gas jumps and French equities lag on bond stress
Executive summary: European markets ended the session mixed, with the CAC 40 leading losses and the FTSE 100 also lower, while the DAX and Euro Stoxx 50 held modest gains. The sharpest cross-asset move was in energy, where Brent crude fell 3.5% and natural gas surged 4.3%, alongside firmer silver and ether. FX also reflected a softer euro, while sterling and the dollar-yen pair moved higher. The pattern points to a market still balancing lower oil, stronger gas, and ongoing sensitivity to French bond stress and broader rate expectations. [Continue Reading]
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Day News Recap: Russia escalates strikes in Ukraine and Black Sea as Brazil heads to runoff
Romanian authorities said a commercial vessel carrying corn sank in the Black Sea after a fire caused by a Russian drone attack, leaving two people dead and underlining the danger to shipping in the corridor. 🔗In Ukraine, Russian strikes intensified again as a missile hit Kyiv’s Northern Bridge, injuring two people and forcing traffic to stop, while Germany’s foreign intelligence chief warned that Europe could be drawn into violent conflict with Russia amid shadow war concerns. 🔗 🔗In the Middle East, Yemen’s military said it had launched more than 1,000 strikes against Houthi targets in a bid to retake territory,... [Continue Reading]

