European Midday Briefing: Oil Prices Surge, Burberry Cuts Guidance, and Airbus Breaks Record

Oil prices surge following airstrikes on Houthi rebel targets in Yemen, impacting global shipping stocks. U.S. inflation data suggests a bumpy path for central banks to cut interest rates. Burberry cuts guidance due to slowing luxury demand. European luxury stocks trade lower. Stocks to Watch include Exxon Mobil, Chevron, U.S.-listed shares of BP, and Tesla. Forex analysis suggests the euro could weaken against the dollar. German Bund yields are expected to rise as markets scale down early rate cut expectations. Airbus breaks its record for jet orders, indicating strong demand. China's consumer prices fall, raising concerns about deflationary pressures. The Nikkei's performance hits a fresh 34-year high.