Middle East concerns push Brent to $100 a barrel while equity and debt markets see sell-offs on both sides of the Atlantic. European stocks suffer their biggest losses in a fortnight with German yields spiking to their highest level in 15 years. President Trump launches his latest round of tariffs with most major trading partners affected. Eu foreign policy chief Kaja Kallas has called the measures a ‘negative surprise’. German software giant SAP pares back its FY guidance but its cloud order backlog is up by 26 per cent. Meanwhile, VW shares are lower in pre-market sales after the car maker predicted 2026 sales to fall by 3 per cent.<br>See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Brent spikes to $100 a barrel over renewed Mid East tensions

Squawk Box Europe Express

The CNBC app, global market news in one place. Customizable sections and personalized alerts, stocks tracking, interactive charts and market insights all in your hands. Stay connected, stay informed. Download the CNBC app today. Hello, welcome to Squawk Box Europe Express Express. I'm Ben Boulos with Steve Sedgwick and these are your headlines.

Brent crude spikes to $100 a barrel on renewed Middle East uncertainty. Equity and debt markets sell off on both sides of the Atlantic. European shares posting their biggest loss in two weeks as German yields hit their highest level in a decade and a half. President Trump's latest round of tariffs has come into effect with most major trading partners affected. EU foreign policy chief Kaya Callas criticizes the move, saying it's a negative surprise.

Shares in SAP seen hiring pre-market despite the German software giant trimming its full year profit target. But its cloud order backlog jumps 26%. We'll speak to the SAP CFO Dominic Assam later this hour. And Volkswagen shares meanwhile seen lower in pre-market trade after the German auto giant says it expects sales to fall up to 3% this year.

The CFO Arno Antlitz will join us just after 8 a.m. London time.

Hey, here's the thought, everybody. You don't think the tariff stuff over here is designed so that people don't look over here at the cost of oil and the cost of gasoline and what's going on with the war, which isn't going as quickly as perhaps the administration hoped you? No? Not doing this to distract from this? No? Okay? Just my idea. Anyway, Brent crude prices are holding steady. I mean, it's oscillating. It was 99.99 a second ago. Now it's 100.2. It's 100 bucks a barrel after shooting up 7% on Thursday.

Brent spikes to $100 a barrel over renewed Mid East tensions

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Brent spikes to $100 a barrel over renewed Mid East tensions

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.