European Stocks Edge Higher After a Solid Session in Asia Boosts Sentiment

Here is your round-up of the financial news from around the world:

1. European stocks open higher Wednesday with investors keying on movements in currency markets ahead of Eurozone inflation data later in the session.

2. The pound fell to a one-month low against the U.S. dollar Wednesday after a one of the countries biggest pollsters forecast a hung parliament in next week's U.K. elections.

3. The euro continues to strengthen against the greenback ahead of a flash reading of May inflation from Eurostat at 10:00 BST that is expected to indicate a slowdown in the pace of consumer price increases to around 1.6%.

4. Oil prices were under pressure during Asia trading, although the price action was relatively muted ahead of U.S. crude stockpile data slated for release later today and Thursday. WTI futures for July delivery were marked 0.8% lower at $49.24 by 06:45 BST while Brent contracts for August, the global benchmark, were seen trading at $51.85 per barrel.

5. U.S. equity futures, however, aren't offering any signals for the tone and direction of trading on Wall Street later today, with each of the three benchmarks priced for very little change from last night's closing levels, which saw the Dow Jones Industrial Average drip 50.8 points lower to 21,029.47 and the broader S&P 500 give back 2.91 points to end the day at 2,412.91 points.

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