Executive summary: European markets opened with a clear split: the FTSE 100 held a modest gain, while the DAX, CAC 40 and Euro Stoxx 50 fell sharply. Energy prices were firmer, the dollar was stronger against the euro and sterling, and risk assets such as Ether sold off. Autos and precious metals outperformed, but the broad tone across continental equities was defensive. [Continue Reading]
Executive summary: European equities opened under pressure, with the DAX, CAC 40, Euro Stoxx 50 and FTSE 100 all lower, while Brent crude, silver, platinum and natural gas advanced sharply. The move points to a broad risk reset, with higher commodity prices and a softer pound adding to the market’s inflation and policy concerns. [Continue Reading]