Europe closes lower as Brent surges above $91, pressuring equities and lifting havens
Executive summary: European equities finished broadly lower, with the FTSE 100, CAC 40, DAX and Euro Stoxx 50 all in the red as a sharp jump in Brent crude and firmer gold underscored a risk-off tone. Energy strength and haven demand contrasted with weakness in metals and most major stock benchmarks, while the euro and pound edged higher against the dollar. [Continue Reading]
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Europe opens lower as oil spikes, gold firms and defensive flows dominate early trade
Executive summary: European equities opened under pressure, with the FTSE 100 down -1.1%, the CAC 40 off -1.1% and the DAX slightly lower. The sharpest move in the early cross-asset picture is Brent crude, which jumped nearly +4.9%, while gold rose more than +2.1%. The combination points to a market leaning toward inflation hedges and away from cyclical risk at the European open. [Continue Reading]

