Executive summary: European equities ended the session under heavy pressure, with the CAC 40 and Euro Stoxx 50 posting the steepest declines while the FTSE 100 managed a modest gain. The move came alongside a sharp jump in Brent crude, a strong rise in silver, firmer platinum and natural gas, and a softer euro against the dollar. The pattern points to a market wrestling with higher input costs, risk aversion, and a rotation away from broad European cyclicals. [Continue Reading]