BusinessEuropean markets head for higher open; Ukraine war remains...

European markets head for higher open; Ukraine war remains in focus


LONDON — European stocks are expected to open higher Thursday as investors keep an eye on developments in the war between Russia and Ukraine.

The U.K.’s FTSE index is seen opening 16 points higher at 7,636, Germany’s DAX 45 points higher at 14,392, France’s CAC 40 up 14 points at 6,638 and Italy’s FTSE MIB 12 points higher at 24,545, according to data from IG.

The war in Ukraine remains at the forefront of market participants’ minds in Europe, with the second phase of the conflict, focusing on the Donbas region in eastern Ukraine, fully underway now.

Russia has set a new ultimatum for surrender in the heavily destroyed city of Mariupol, where Ukrainian forces and reportedly hundreds of civilians are holed up in the Azovstal steel plant. Meanwhile, officials in Ukraine continue to call for more weapons support and faster delivery as Russia intensifies its bombardment of the Donbas.

United Nations Secretary-General Antonio Guterres asked Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy if they would take meetings with him in their respective capitals.

Stock picks and investing trends from CNBC Pro:

U.S. stock futures rose in overnight trading as investors digested more quarterly reports from the likes of Tesla and United Airlines. Weekly jobless claims are also slated for release on Thursday.

In Asia-Pacific markets overnight, shares were mixed as investors continue to watch China’s Covid-19 situation along with moves in the Japanese yen.

Investors are watching for signs of policy support from Chinese authorities as the mainland continues to grapple with its most severe Covid wave since the initial outbreak in 2020. Its strict zero-Covid policy has raised questions about China’s economic outlook.

Enjoyed this article?
For exclusive stock picks, investment ideas and CNBC global livestream
Sign up for CNBC Pro
Start your 
free trial now

— CNBC.com staff contributed to this market report.



Original Source Link

Latest News

Kelly Rowland Accuses Cannes Of Bias! She Says…

Team Kelly! The post Kelly Rowland Accuses Cannes Of Bias! She Says... appeared first on Perez Hilton. Original Source Link...

Vivek Ramaswamy spent $3.3 million to buy 8% of BuzzFeed. How much damage could he do with that stake?

It may be a small fraction of the company, but activist investors in Apple and ExxonMobil have accomplished...

SEC Approves Spot Ethereum ETFs

The U.S. Securities and Exchange Commission (SEC) has just approved the first batch of spot Ethereum (ETH) ETFs....

UK consumer confidence hits two-year high in May

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly...

Atlas review: Netflix’s by-the-numbers AI thriller

You would think that a sci-fi movie where Jennifer Lopez partners with a smart-ass, sentient mech suit to...

Must Read

Earth-size planet found orbiting nearby star that will outlive the sun by 100 billion years

Astronomers have discovered an Earth-size planet that is...

Crypto insiders anxious and divided as spot Ether ETF decision date looms

Currently, betting markets indicate a 61% chance of...
- Advertisement -

You might also likeRELATED
Recommended to you