European Stocks Slip as Oil Prices Rise Further

European stocks slipped in early trade as higher oil prices weighed on travel and consumer-facing shares, while technology stocks rose. The Europe-wide Stoxx 600 was down 0.3%. In London, the FTSE 100 fell 0.6%, with housebuilders among the areas weakening. British Airways’ owner IAG dropped 1.7% after rival Ryanair, which fell 6% in the session referenced by the article’s excerpt. The move reflects how energy-led cost concerns can spill into broader sectors, even as parts of the market remain supported. The update was presented as an early indication of sentiment into the day.