Oil falls on Trump Russian sanctions waiver while European stocks slip led by France.
Context
What happened: European stocks slipped, with France's CAC 40 leading losses after weekend protests, while oil fell after President Trump waived sweeping sanctions on Russia, including on Russian energy.
Key numbers: CAC 40 down 1.3% to 7,854.31; FTSE 100 down 0.8% to 10,795.31; DAX down 1% to 25,360.14; Brent crude down 2.1% to $107.55 per barrel; U.S.
Why it matters: The sanctions waiver is likely to result in more energy exports from Russia, drawing disappointment from Ukraine. Tech share sell-offs continue to pressure markets on concerns about the sustainability of the AI boom.
Coverage: 6 outlets in 24h
What changed
European stocks slipped, with France's CAC 40 leading losses after weekend protests, while oil fell after President Trump waived sweeping sanctions on Russia, including on Russian energy.
Why it matters
The sanctions waiver is likely to result in more energy exports from Russia, drawing disappointment from Ukraine. Tech share sell-offs continue to pressure markets on concerns about the sustainability of the AI boom.