Hannelore Foerster | Bloomberg | Getty Images<\/p>\n
LONDON \u2014 European stocks are expected to open in negative territory on Thursday as investors digest the latest reports on the Iran war and await more earnings and central bank decisions.<\/p>\n
The U.K.’s FTSE<\/a> index is seen opening 0.1% lower, Germany’s DAX<\/a> down 0.7%, France’s CAC 40<\/a>\u00a0down 0.5% and Italy’s FTSE MIB<\/a> down 0.7%, according to data from IG.<\/p>\n Global investors are keeping an eye on oil prices after Brent crude hit a wartime high, past $126 a barrel<\/a>, following a report that the U.S. military would brief President Donald Trump on potential action against Iran, raising fears that armed conflict could resume, and that the blockade of Iranian ports would continue.<\/p>\n Axios reported<\/a>\u00a0that the U.S. Central Command was set to present Trump plans for possible military action against Iran, citing two sources with knowledge of the matter.<\/p>\n June futures for international benchmark\u00a0Brent<\/a>\u00a0crude rose 6.84% to $126.10 a barrel as of 12:22 a.m. ET Thursday, while U.S.\u00a0West Texas Intermediate<\/a>\u00a0added 3.14% to $110.24.<\/p>\n Central bank action will be in focus later with the European Central Bank and Bank of England both poised to deliver their latest monetary policy decisions on Thursday. <\/p>\n Neither bank is expected to change interest rates but their forward guidance will be closely watched, given the ongoing war in Iran.<\/p>\n Data releases from Europe are also in focus, with the preliminary readings of euro zone GDP for the first quarter and April inflation set to be published at 10 a.m. London time. <\/p>\n It’s another busy day for earnings with Schneider Electric<\/a>, Unilever<\/a>, BNP Paribas<\/a>, Glencore<\/a>, ING<\/a>, DHL Group<\/a>, Societe Generale<\/a>, Credit Agricole<\/a>, Volkswagen<\/a>, Standard Chartered<\/a>, BASF<\/a>, Ferrovial<\/a>, Erste Group Bank<\/a>, ArcelorMittal<\/a>, Danske Bank<\/a>, Stellantis<\/a> and Air France-KLM<\/a>, among others, all due to report.<\/p>\n \u2014 CNBC’s Lee Ying Shan contributed to this market report.<\/p>\n