Global Financial News: Investors Brace for the U.K. General Election

European stocks open higher Thursday ahead of three significant event risks later in the session, including what could be the most important U.K. general election in a generation.

Author:: TheStreet Staff
Publish date:: Jun 8, 2017 3:40 AM EDT

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

1. European stocks open higher Thursday ahead of three significant event risks later in the session, including what could be the most important U.K. general election in a generation.

2. The pound, which has gained some 3% against the U.S. dollar since May called the snap poll on April 18, held at a near two week high of 1.2950 in overnight trading while 10-year U.K. government bond yields, known as Gilts, remained fixed at a seven-month low of 0.98%.

3. Global oil prices rebounded modestly from Wednesday's massive 5% slide, prompted by a much larger-than-expected 3.3 million increase in U.S. crude stocks, with investors snapping up cheap oil with a slightly firmer U.S. dollar.

4. WTI futures for July delivery were marked 0.5% higher at $45.72 per barrel while Brent contracts for August delivery were seen 0.64% higher at $48.37 per barrel.

European Stocks Called Higher as Britain Heads to the Polls, ECB Meets in Tallinn

This article was written by a staff member of TheStreet.