European markets set for lower open as oil prices surge; ECB and BOE decisions ahead

european markets are set to open lower thursday. the ftse is seen down 0.1%, the dax down 0.7%, the cac 40 down 0.5%, and the ftse mib down 0.7%. brent crude hit a wartime high past $126 a barrel after axios reported the u.s. central command would brief trump on potential military action against iran. june brent futures rose 6.84% to $126.10. wti added 3.14% to $110.24. the ecb and boe both announce policy decisions later. neither is expected to change rates, but forward guidance will be watched closely given the iran war. preliminary euro zone gdp and april inflation data drop at 10 a.m. london time. earnings are heavy — schneider electric, unilever, bnp paribas, glencore, volkswagen, stellantis, and air france-klm all report.