Europe opens sharply lower as oil spike and rate anxiety hit stocks, while autos and gold hold up
Executive summary: European markets opened under pressure, with the FTSE 100, DAX, CAC 40 and Euro Stoxx 50 all falling more than 2% as Brent crude jumped above $105 a barrel. The move points to a broad risk-off tone at the open, with energy costs, rate expectations and currency swings shaping early trading. Autos were a rare bright spot, while silver, platinum and natural gas also weakened. [Continue Reading]
Sponsored
Europe opens lower as Brent tops $100, with energy and metals diverging from equity weakness
Executive summary: European markets opened under pressure, with the DAX, FTSE 100, CAC 40 and Euro Stoxx 50 all lower as Brent crude pushed above $100 a barrel. The move lifted energy-linked assets and some metals, while natural gas, palladium and major equity benchmarks weakened. FX was comparatively calm, with the euro and pound slightly firmer against the dollar and USD/JPY lower. [Continue Reading]

