Europe opens mixed as oil spikes, FTSE edges higher and continental equities slip
Executive summary: European markets opened mixed at 8:10am London time, with the FTSE 100 up +0.4% while the DAX, CAC 40 and Euro Stoxx 50 all traded lower. The sharpest move in the session data was Brent crude, which jumped more than 10%, a move that is likely to keep pressure on inflation-sensitive assets, currencies and rate expectations. Gold also firmed, while sterling weakened against the dollar and the euro slipped modestly. [Continue Reading]
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