European markets watch NATO summit focused on Ukraine
LONDON — European stocks are expected to open slightly higher on Thursday with regional investors keeping a close eye on developments in Ukraine, and key meetings of NATO, EU and G-7 leaders in Brussels.
The U.K. FTSEIndex opens 7 points higher than its previous 7,460 mark, Germany. DAX 8 points higher at 14,296, France’s CAC 40 up 16 points at 6,583 and Italy’s FTSE MIBAccording to data from IG, it was also up 16 percent at 23 706,
High-profile meetings taking place in Brussels this Thursday will keep global markets on the alert. These include a NATO summit meeting EU leaders and a Group of Seven summit.
Russia’s ongoing invasion of Ukraine means that the top agenda is occupied by Ukraine. The meetings are being attended by President Joe Biden of the United States. Volodymyr Zelenskyy, the Ukrainian President is likely to attend via videolink.
NATO’s Secretary-General Jens Stoltenberg indicated Wednesday that Western leaders will likely commit major increases to troops on its eastern flank when the alliance meets to discuss Russia’s conflict with Ukraine. Biden indicated that additional sanctions against Russia may also be possible.