Europe opens higher as DAX and FTSE jump on oil surge, weaker dollar and firmer gold
Executive summary: European equities opened with a broad risk-on tone, led by a sharp advance in Germany and the UK, while Brent crude, gold and the euro all moved higher. The DAX rose 2.8% and the FTSE 100 gained 2.6%, even as the wider Euro Stoxx 50 slipped modestly. The move comes against a backdrop of higher oil prices, a softer dollar and a market mood shaped by global rate and geopolitical uncertainty. [Continue Reading]
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Asia-Pacific markets close mixed as Tokyo slumps, oil rout eases inflation pressure and Australia outperforms
Executive summary: Asia-Pacific trading ended sharply mixed, with Tokyo and Seoul under heavy pressure while Australia and Hong Kong held up better. The biggest cross-asset move was a steep drop in WTI crude, which helped ease some inflation concerns but also signaled a fast repricing in energy markets. The Nikkei 225 and Kospi both fell more than 5%, while the ASX 200 rose 1.8% and the Hang Seng edged higher. [Continue Reading]

