Here is your round-up of the financial news from around the world:
1. European stocks drift lower Tuesday as investors rekindle political concerns in the region and focus on currency markets ahead of German and U.S. inflation data later in the session
2. The euro was marked 0.35% lower against the U.S. dollar at 1.1127 overnight following comments from European Central Bank President Mario Draghi which indicated a preference for continuing the "substantial" amount of stimulus currently in place to ensure the region's nascent recovery remains on track.
3. Global oil prices were under pressure overnight, with WTI futures falling below the $50 per barrel mark as the U.S. summer driving season kicked-off with the weekend's Memorial Day celebrations.
4. Airline stocks are active at the open of trading after a weekend of chaos at London's Gatwick and Heathrow airports caused delays and cancellations for thousands of travellers following a global IT failure that could cost British Airways more than £100 million in passenger compensation
5. AkzoNobel NV (AKZOY) shares will also likely react to a decision from the Amsterdam Court of Appeal which rejected a move by its suitor, PPG Industries (PPG) , to investigation the board for mis-management in its handling of the proposed $29 billion takeover and order a shareholder meeting to vote on the ouster of Chairman Antony Burgmans.
This article was written by a staff member of TheStreet.