Energy Is Now Europe’s Top-Performing Market Sector

Energy is now the best performing sector in Europe so far this year, with a 12-percent gain for the sub-index early on Monday, after bank stocks slumped on the Russia-Ukraine crisis, dragging down the bank index to a year-to-date gain of 11 percent. As tensions over Ukraine mounted in the past few days, banking stocks in Europe crashed early on Monday amid fears that potential sanctions against Russia over a Ukraine invasion would hit the European banking sector. At the same time, energy stocks have been performing well in recent weeks, thanks…