Europe opens firmer as oil slumps, dollar strengthens and crypto-led risk appetite lifts cyclicals
Executive summary: European equities opened mostly higher, with the FTSE 100, DAX and Euro Stoxx 50 all in the green while the CAC 40 was little changed. The sharpest cross-asset move was in Brent crude, which fell almost 6.9%, easing an important inflation and energy-cost pressure point. The dollar also firmed against the euro and sterling, while gold slipped and Ether rallied, a mix that points to a market balancing lower oil with a stronger U.S. currency and selective risk-taking. [Continue Reading]
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Europe opens softer as Brent slides, Ether surges and the dollar firms against the euro and sterling
Executive summary: European equities opened slightly lower, with the FTSE 100, DAX, CAC 40 and Euro Stoxx 50 all in the red or flat at the start of trading. The biggest cross-asset moves came from commodities and FX, Brent crude fell sharply, Ether jumped more than 8%, silver extended gains and the dollar strengthened against both the euro and sterling. The mix points to a market still balancing growth concerns, rate expectations and sector-specific pressure, especially for energy and export-sensitive shares. [Continue Reading]
JP Morgan says it cannot model oil-price endgame from US-Iran war
JP Morgan has said it is struggling to forecast how oil prices will move as the US-Iran war continues, telling investors that it "simply don't know how to model the endgame". The bank said it had initially assumed the conflict would be constrained by economic limits and that a deal would reopen the Strait of Hormuz shipping lane by June. Instead, it said the conflict has extended beyond those expectations, leaving its baseline view uncertain.In its note, the bank pointed to a set of thresholds it had expected would act as red lines for the Trump administration. Those included oil... [Continue Reading]

