Market Wrap: Basic Materials shaped the close

🇪🇺 The US equity session saw a late rotation into Digital Business Services and Risk & Analytics Tools, but the overall tone remains cautious. The shift gained momentum after 07:20 ET, confirming a broadening of leadership beyond the prior Basic Materials move. VOD.L held firm through the volatility, with other key names like AF.PA, AGN.AS, UBSG.SW, BAB.L, and ALV.DE also maintaining relative strength, signaling a potential shift in sector momentum. What matters next is whether this rotation can sustain into the next session. The focus will be on whether VOD.L and the other top names can confirm their leadership with continued strength or if the move fades. Watch for signs of broad participation or a reversion to risk-off sentiment, especially as the market digests upcoming macro data and earnings. The next session’s setup hinges on whether the late-session strength persists or if the rotation stalls once the initial momentum cools.