EU Midday: Oil Risks Deepen Equity Pressure as US Futures Stay Lower
European equities are under pressure as rising oil prices and renewed Middle East tensions compound concerns over AI valuations. S&P 500 futures remain down 0.95%, despite a modest intraday rebound.
S&P 500 futures -0.95%Risk aversion persists, although futures have edged higher over the past hour.
Nasdaq futures -1.57%AI valuation concerns weigh on technology sentiment.
Brent crude +2.78%Middle East tensions and supply concerns support prices.
Silver -2.72%Precious metals are weaker amid broad market repricing.
Lead: European equities are under pressure as rising oil prices and renewed Middle East tensions compound concerns over AI valuations. S&P 500 futures remain down 0.95%, despite a modest intraday rebound.
Session narrative: The STOXX 50 fell 1.5%, the STOXX 600 lost 0.9%, and the DAX traded more than 1% lower. Asian equities also closed down as AI investment concerns and higher energy costs weighed on risk appetite.
Cross-asset check: Brent crude gained 2.78% toward $112 a barrel. The ten-year yield was up 0.57%; dollar-yen fell 0.72%. Gold lost 1.02% and silver fell 2.72%.
Themes & continuing stories: Middle East supply risks and elevated oil prices remain central. AI valuation concerns continue to pressure equities. French fiscal worries stay in the European market backdrop.
What’s ahead: No calendar events or scheduled catalysts were supplied for this session.