Europe’s Stock Index Barely Fell — but Its Jet-Fuel Deficit Tops U.S. and Asia-Pacific Surpluses Combined

European shares edged lower on Monday, but the broad move hid a much steeper repricing of fuel risk. The STOXX 600 was down 0.2% in early trade and travel and leisure fell 1.2%; Deutsche Lufthansa lost 2.6%, Air France-KLM dropped 2.4% and Wizz Air slid just over 2%.