Global Financial News: Brazil's Political Crisis Hammers Sentiment

Global Financial News: Brazil's Political Crisis Hammers Sentiment
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Here is your round-up of the financial news from around the world:

1. European stocks are expected to open higher Friday as global markets regain their poise after three days of selling in the wake of the political maelstrom that threatens to engulf the White House.

2. Emerging market stocks remain under pressure as Brazil's political crisis hammers sentiment. The country's President Michel Temer insists he will not resign despite a probe into potential corruption.

3. Global oil prices, meanwhile, are quietly testing one-month highs ahead of next week's OPEC meeting in Vienna, where ministers from the cartel's members are widely expected to extend and agreement on production cuts into the first quarter of 2018.

4. U.S. equity futures prices suggest stocks will open little-changed from their Thursday close, where benchmarks ended the session with modest gains thanks in part to investors snapping up cheap shares following Wednesday's 378 point loss for the Dow Jones Industrial Average and the biggest single-day decline for the S&P 500 in more than eight months.

READ MORE:

European Stocks Set to Open Higher as Global Markets Regain Poise

Brazil's President Michel Temer Clings to Power; Emerging Market Stocks Struggle

This article was written by a staff member of TheStreet.