European Equities Drift Lower as Oil's Six-Day Rally Collides With U.S. Inflation Risk
Crude's longest winning streak of the season revives cost-push concerns just as traders brace for a pivotal U.S. CPI print, leaving European benchmarks in a defensive holding pattern despite a strong corporate earnings tape.
European bourses edged lower as a six-session advance in crude oil and looming U.S. inflation data kept risk appetite in check. The soft index tone masked a bifurcated earnings season, with guidance raises at Balfour Beatty, Bechtle and Schott Pharma offset by profit warnings and rate-driven pressure elsewhere.
SPECIAL REPORTBEARISH