Here is your round-up of the financial news from around the world:
1. European stocks open modestly higher Thursday as investors take cues from a softer session in Asia and watch developments in currency markets linked to political developments in Europe and the United States.
2. The U.S. dollar remained pinned to multi-month lows after a set of mixed economic data yesterday and news later in the session that the House Intelligence Committee had issued subpoenas President Donald Trump's former National Security Advisor Michael Flynn and his attorney to provide details linked to the multiple probes into Russian meddling in the 2016 elections.
3. Pound sterling was marked 0.15% lower at 1.2869 in early European trading following yesterday's YouGov poll which indicated that chance of a so-called hung parliament in next week's U.K. general elections
4. Global oil prices rebounded after a falling to a 3-week low Wednesday, with prices boosted by a report from the American Petroleum Institute that showed crude stockpiles fell by a more-than-expected 8.7 million barrels in the week ending May 26 to 513.2 million. The Energy Information Administration will report the official figure at 15:00 BST.
5. Barclays plc (BCS) will sell a larger-than-expected portion of its stake in in Barclays Africa Group Ltd. (BAGL), the bank said Thursday, thanks to strong investor demand for shares in the South Africa-based lender.
Read More:
European Stocks Set For Mixed Open; Currency Markets Again in Focus
Barclays Increases Africa Stake Sale to 33.7%, Will Incur Loss of $1.5 Billion in Q2
