Market Wrap: Oil & Gas Major Cohort shaped the close

🇪🇺 The session closed with a late rotation into financials and industrials, though the move remains narrow and concentrated. The Financial Sector Cohort and Industrial & Defense Conglomerate Cohort sparked the late shift, with names like ULVR.L, AF.PA, and VOLV-B.ST leading the charge. The key proof was ULVR.L holding above its early session lows and confirming a bullish reversal with a strong close, signaling some underlying strength in the rotation. What matters next is whether this momentum broadens beyond the top names or remains a one-stock story. The next session could see further consolidation or a fade if the broader market fails to follow through. Watch ACX.MC, FER.AS, and HSBA.L for signs of participation or divergence, especially if they fail to confirm the current leadership. The market's next move hinges on whether the late rotation gains traction or stalls at the top.