European Stocks Open Mixed; FTSE 100 Up 0.7%, DAX Up 0.1%

The dispersion is the story: a 0.7% FTSE 100 gain against a marginally negative Euro Stoxx 50 points to index composition and currency effects rather than a single regional risk signal. The UK benchmark's heavier weighting toward energy and miners tends to decouple it from eurozone rate-sensitive names, which would explain the flat-to-soft continental open. Whether that UK leadership persists through the session, or narrows once US markets come in, is the open question.