Here is your round-up of financial news from around the world:
1. The European Central Bank said Wednesday that is had adopted a so-called "resolution decision" on the struggling Spanish lender Banco Popular Espanol SA (BPESY) , and order the transfer of all of its shares and capital to Banco Santander SA (SAN) for the cost of €1.
2. The U.S. dollar, however, remains in a range that has kept prices close to their lowest levels since early November ahead of a scheduled appearance by former FBI director James Comey, who was fired by Trump earlier this year, in front of a Senate Intelligence Committee.
3. Global oil prices drifted lower in overnight Asia trading, but prices were broadly supported by the ongoing political and economic boycott of Qatar by four of its Gulf region neighbours over accusations that it has been too soft on extremists.
4. U.S. equity futures, however, indicate a positive open on Wall Street later today, with the Dow Jones Industrial Average poised to gain around 33 points, or 0.16%, at the opening bell, with similar percentage gains anticipated for both the S&P 500 and the Nasdaq.
Read More:
European Stocks Set For Cautious Gains Amid Edgy Tone Ahead of U.K. Elections, Comey Testimony
ECB Orders Rescue of Spain's Banco Popular: Shares and Capital Will Transfer to Banco Santander
