European markets open higher as FTSE hits fresh milestone, energy and autos lead while metals slide
Executive summary: European equities opened firmer, with the FTSE 100 rising to 10,375.1, while the DAX, CAC 40 and Euro Stoxx 50 also posted modest gains. The move came alongside a stronger Brent crude price, a weaker euro and pound, and sharp declines in precious metals, with gold, silver, platinum and palladium all under pressure. Global autos outperformed, while ether also slipped, underscoring a mixed cross-asset tone at the European open. [Continue Reading]
Europe closes mixed as FTSE 100 outperforms, autos rally while Euro Stoxx 50 and DAX slip
Executive summary: European markets ended the session mixed, with the FTSE 100 rising +0.8% while the Euro Stoxx 50 fell -1.9% and the DAX lost -0.9%. The standout move was in global autos, which jumped +5.3%, while palladium, platinum and ether all weakened. FX moves showed a firmer dollar against the euro and sterling, adding to the picture of a cautious European close. [Continue Reading]
