European Blue Chips Head for Correction as Oil Prices Soar

Oil prices surged past $100 a barrel as conflict in the Middle East intensified, triggering a risk-off move that pushed European blue-chip stocks lower and set the market up for a correction. The crude spike has reignited inflation concerns that could slow economic growth and weigh on equities and policy expectations.

Analysis

Oil prices surged past $100 a barrel as conflict in the Middle East intensified, triggering a risk-off move that pushed European blue-chip stocks lower and set the market up for a correction. The crude spike has reignited inflation concerns that could slow economic growth and weigh on equities and policy expectations.