European trading remains under pressure, with the Stoxx Europe 600 sliding 0.8%. France’s CAC 40 and Germany’s DAX followed the downward trend, shedding 1% and 0.8% respectively, while London's FTSE 100 edged down 0.3%. Individual stock volatility remains high: Dassault Aviation surged 8.3% and Huhtamaki added 7.3%, but heavy losses hit the tech sector as STMicroelectronics tumbled 14.9% and Temenos dropped 10.4%.
In section Market Quotes
Global Markets Stumble as Energy Prices Surge
A sharp rally in oil prices is rattling investor sentiment across Western markets, dragging U.S. stock futures lower and pushing European indexes into the red. Brent crude jumped 3.9% to reach $97.73 a barrel, while natural gas contracts in the Netherlands climbed to 63.48 euros per megawatt hour.
Across the Atlantic, S&P 500 futures are down 0.4%, with the Dow Jones Industrial Average tracking a 0.5% decline. Bond markets show a slight sell-off, pushing the 10-year U.S. Treasury yield to 4.674% and the German 10-year Bund yield to 3.22%. Despite the broader malaise in the West, Asian markets finished the session in positive territory, led by a 1% gain in Hong Kong’s Hang Seng and a 0.5% rise in Japan's Nikkei 225.
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