European Stocks Book Solid Early Gains After a Record-Setting Session in the U.S.

European Stocks Book Solid Early Gains After a Record-Setting Session in the U.S.
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Here is your round-up of the financial news from around the world:

1. European stocks open firmly higher Thursday as global markets return to their winning ways following a record-setting session on Wall Street and multi-year highs overnight in Asia thanks to a dovish account of the U.S. Federal Reserve's last policy meeting.

2. The U.S. dollar extended its declines in Asia trading, with the dollar index, a measure of the greenback strengths against a basket of six global currencies, falling to 96.95 while benchmark U.S. 10-year bond yields, which move in the opposite direction of prices, fell to 2.25%

3. Global oil prices extended gains Thursday as ministers from the OPEC cartel meet in Vienna to hammer-out a deal on the extension of production cuts that could remove 1.8 million barrels of oil each day from the market until well into next year.

4. The pound, which has booked solid gains against the U.S. dollar since the announcement of a snap national election by Prime Minister Theresa May on April 18, was little changed overnight even as the greenback faded in the wake of the Fed's dovish reading of the U.S. economy as was last seen trading at 1.2983.

READ MORE:

European Stocks Set For Solid Gains; OPEC Meeting, U.K. GDP Data in Focus

Global Oil Prices Extend Gains as OPEC Ministers Arrive in Vienna for Production Talks

This article was written by a staff member of TheStreet.