Europe closes lower as oil spikes above $100, pressuring stocks, FX and metals
Executive summary: European equities finished broadly lower after Brent crude surged back above $100 a barrel, lifting inflation concerns and weighing on risk appetite. The CAC 40, DAX, Euro Stoxx 50 and FTSE 100 all ended in the red, while the euro and pound strengthened against the dollar. Commodities were mixed, with Brent and platinum rallying sharply, gold and palladium slipping, and the move in oil emerging as the clearest cross-asset driver. [Continue Reading]
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Tokyo and Asia-Pacific open mixed as Nikkei jumps, Kospi surges, and yen strength reshapes the risk backdrop
Executive summary: Asia-Pacific markets opened with a sharp split, led by a powerful rally in Seoul and a solid advance in Tokyo, while Australia slipped and Hong Kong was little changed. The move came alongside a stronger yen, firmer oil and metals, and a softer USD/CNY, a combination that points to shifting cross-asset pressure at the start of the session. [Continue Reading]

