European equities opened broadly lower as oil prices jumped, weighing on risk sentiment: Stoxx 50 -0.6%, DAX -0.3%, CAC 40 -0.4%, FTSE 100 +0.3%, IBEX -0.3%, FTSE MIB -0.5%. The market narrative centers on rising oil and higher bond yields after a renewed attack on Saudi energy infrastructure and threats to Middle East shipping routes, reinforcing concerns an energy shock could keep inf pressures elevated for longer ahead of this week’s Fed meeting. Following hotter U.S. inflation data and the l

European equities opened broadly lower as oil prices jumped, weighing on risk sentiment: Stoxx 50 -0.6%, DAX -0.3%, CAC 40 -0.4%, FTSE 100 +0.3%, IBEX -0.3%, FTSE MIB -0.5%. The market narrative centers on rising oil and higher bond yields after a renewed attack on Saudi energy infrastructure and threats to Middle East shipping routes, reinforcing concerns an energy shock could keep inf pressures elevated for longer ahead of this week’s Fed meeting. Following hotter U.S. inflation data and the latest energy spike, markets price roughly an 87% chance of a Fed rate hike.