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European Morning Brief · Wednesday 2 September 2026

The Trade Academy Team

Sep 2

1 min read

Updated: Sep 4

Oil is now the shock — and Asia has just repriced for it
Brent jumped 4.6% on Tuesday to $94.65 and trades above $95 this morning, up roughly 7% in three sessions. Equities took it badly: Europe fell broadly, Wall Street fell harder with the Nasdaq 100 down 1.29% and the VIX up 9.5%, and overnight Asia repriced in earnest — Korea lost 4.0% and Tokyo 2.9%. The US front end added another five basis points. Switzerland was Europe's lone gainer, carried almost single-handedly by a 6.25% jump in Novartis. — Oil is now the shock — and Asia has just repriced for it

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