Europe Opens Mixed as Oil and Gas Jump, Metals Slip and FX Weakness Pressures Stocks
Executive summary: European markets opened with a defensive tone, as a sharp rebound in Brent crude and natural gas outweighed support from a firmer FTSE 100. Energy-linked inflation pressure, softer euro and sterling, and a pullback in precious metals set the tone, while the DAX and CAC 40 slipped modestly. The move looks less like a broad risk-off shock and more like a rotation driven by higher commodity prices and a stronger dollar backdrop. [Continue Reading]
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