Europe closes lower as dollar and oil surge, metals and crypto slide in risk-off session
Executive summary: European equities ended the session lower, with the FTSE 100, DAX, CAC 40 and Euro Stoxx 50 all in the red as a stronger dollar, firmer Brent crude and sharp declines in precious metals and Ether pointed to a broad risk-off tone. The euro and sterling weakened against the dollar, while Brent’s advance stood out as the main commodity gain. The move matters because it combines pressure on European exporters, imported inflation risks and a clear unwind in defensive and speculative assets. [Continue Reading]
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