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

1. European stocks open the final full week of May trading on the upside Monday even as investors continue to take a cautious approach to risk sentiment as the political upheaval surrounding U.S. President Donald Trump shows no signs of abating.

2. The MSCI Asia ex-Japan index, the regional benchmark, was marked 0.9% higher by 06:45 BST while Japan's Nikkei 225 ended the session with a 0.45% advance to 19,678.28 points, even with the dollar's weakness pushing the yen higher in overnight trading.

3. A $20 billion deal in the European chemicals space is also likely to support markets at the opening bell, with Switzerland's Clariant AG (CLZNY)  and Huntsman Corp. (HUN - Get Report)  saying they had agreed to terms that will lead to a merger between the two chemical companies in deal that will be worth $20 billion.

4. Global oil prices continued to rise overnight after a torrid week of trading for crude futures last week that saw U.S. prices pass the $50 mark amid increased bets that OPEC members and their allies are prepared to extend their 1.8 million in production cuts well into 2018.

5. The dollar index, a measure of the greenback's strength against a basket of its global peers, traded modestly higher in Asia but remains welded near six-month lows as investors continue to worry about political developments in the United States and wonder what the next headline may reveal with respect to the ongoing investigations into ties between Russian officials, President Trump's electoral campaign and the White House.

This article was written by a staff member of TheStreet.