Editorial companion

What stands out

Bloomberg’s roundup is a compact lesson in how a few big headlines bend entire markets. The FTSE 100 (Financial Times Stock Exchange 100 Index) is inching higher with European stocks, but heavyweight oil names such as BP are dragging the British benchmark down, showing how sector concentration still matters. Meanwhile Vodafone surprised with first-quarter service revenue growth, signalling steady demand in its largest market, Germany, and Zabka plunged after Seven & i walked away from a stake, a reminder that M&A reversals can wipe out sentiment overnight.