Here is your round-up of financial news from around the world:
1. European stocks are set to open weaker Thursday in the second day of a global market sell off that sent U.S. markets to their steepest losses in more than eight months amid concerns over the scope of an investigation of U.S. President Donald Trump's ties to Russia.
2. The U.S. Department of Justice put former FBI Director Robert S. Mueller in charge of a probe into allegations that Russia interfered in last year's presidential elections and any ties between the Trump campaign and Moscow.
3. The dollar index, a measure of the greenback's strength against a basket of six global currencies, remains welded at a six-month low of 97.30 while benchmark U.S. Treasury yields, which move in the opposite direction of prices, fell to a near one-month low of 2.21%.
4. Early indications from U.S. equity futures suggest Wall Street could stage a bit of a comeback Thursday after triple-digit losses for the Dow Jones Industrial Average yesterday and the steepest single-day decline for the S&P 500 since September of last year.
This article was written by a staff member of TheStreet.