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investors monitor Russian energy supplies to Europe


LONDON — European stocks are expected to open higher on Thursday as investors continue to monitor developments in Ukraine and Russia’s next move when it comes to its gas supplies to Europe.

The U.K. FTSEThe index opens at 7.451 Germany’s, 17 points more. DAX 78 points higher at 13,835, France’s CAC 40 up 42 points at 6,471 and Italy’s FTSE MIBData from IG shows that 235777 was 122 points more.

Mixed trade was seen in European stocks Wednesday with worries persisting over Ukraine, and supplies of energy to that region. This is despite Russia’s recent decision to stop gas supply to Poland and Bulgaria.

Gazprom told both countries that it was halting supplies because they had refused to pay for the gas in rubles, as Moscow demanded recently. European gas prices rose as a result. euroLower, as the single currency dropped to a 5-year low against dollar earlier in today’s day.

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Elsewhere, Asia-Pacific stocks were higher in Thursday morning tradeInvestors around the world watched closely for any market reactions to Bank of Japan’s recent monetary policy announcement. U.S. stock futuresAs the market recovered from the April selloff, overnight trading saw a rise and investors were positive about earnings from Meta Platforms.

Sanofi and TotalEnergies are reporting on Thursday, as well as HelloFresh, Banco Sabadell (Barclays), Sainsbury’s and Standard Chartered), and Unilever (Unilever).

Information releases include data on euro-area consumer confidence figures and economic sentiment figures April.