Market Wrap: UK-Centric Defensive & Utility Cohort shaped the close

🇪🇺 European equities closed with a defensive tilt, led by the UK-centric cohort and a notable rotation into utilities and industrials. The session's key moments included the start of themes around online gaming, risk analytics tools, and iron ore and metals mining. The UK-utility and defensive names like ULVR.L and STAN.L held firm, confirming the late flow shift observed at 10:35 ET, with AZN.L remaining a key driver. Today’s activity was still largely a one-stock move, with AZN.L and IGG.L maintaining leadership. The confirmation came as ULVR.L and KGF.L held their ground, supporting the broader defensive stance. Next session, traders will watch ADM.L, HLN.L, and SGE.L for signs of a broader rotation or a shift back toward cyclicals. For now, the focus remains on the UK names and their ability to sustain the late momentum.