European markets close higher as DAX leads, gold and silver surge, Brent slips
Executive summary: European equities finished firmly higher, led by Germany’s DAX and a broad advance across the Euro Stoxx 50, FTSE 100 and CAC 40. The move came alongside a sharp rally in precious metals, a weaker Brent crude price, and a firmer pound and euro against the dollar. The session points to a market that is still rewarding rate-sensitive and defensive assets while rotating away from energy and some cyclical exposure. [Continue Reading]
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