Energy Stocks Lead European Gains as Oil Prices Hit Six-Week Highs

The energy sector surged 1.3% as Houthi threats near critical maritime routes triggered fears of restricted supply chains. While oil producers provided momentum for the broader market, investors remain hesitant, balancing these gains against the backdrop of upcoming U.S. technology earnings and long-term interest rate projections. Analysts report that while the European Central Bank is currently positioned to hold rates steady, the market is actively pricing in the possibility of future hikes to combat resurgent inflation. Tech stocks, which have enjoyed a prolonged rally fueled by artificial intelligence, are now under scrutiny as participants look for signs that this growth can be sustained amid the current climate of volatility.