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European markets open mixed amid Ukraine-Russia tensions


LONDON – European stocks are expected to open in mixed territory on Thursday as tensions remain high over the Russia-Ukraine crisis.

UK FTSE The index is seen opening 26 points higher at 7,353, of Germany DAX 27 points lower at 13,923, of France CAC 40 down 27 points at 13,923 and in Italy FTSE MIB 51 points higher at 24,400, according to data from IG.

The mixed opening for European stocks comes amid growing concerns about Ukraine’s future with multiple reports of explosions in the capital Kyiv overnight.

Earlier this week, a huge convoy of Russian military vehicles was heading towards the capital, raising fears that Russia will soon launch a large-scale attack on the city.

Ukraine’s second-largest city, Kharkiv, came under heavy shelling on Wednesday, while mayor Kherson said Russian forces had taken control of the key port city in southern Ukraine. If confirmed, it would mark a military victory for Russia.

Russia’s week-long invasion was denounced by the United Nations in a historic vote and dozens of countries put Moscow under investigation for potential war crimes.

Shares in Asia-Pacific were largely higher in Thursday’s session after US stocks rebounded on Wednesday despite US stock index futures modestly lower in overnight trading.

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However, oil prices continued to move higher after rising prices in recent days. In the morning Asian trading time, international benchmark Brent Crude Oil Futures rose 3.09% to $116.42 a barrel, after an earlier high of $118.22 a barrel. US crude oil futures also increased 2.43% to 113.29 USD/barrel.

OPEC and its allies decided on Wednesday to maintain stable output despite the recent spike in oil prices.

Income comes from Merck, Telecom Italia, Prudential and Aviva. Released data includes the euro area unemployment rate and producer prices in January.

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– Eustance Huang of CNBC contributed to this market report.



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