Global Financial News: Investors Regroup After the French Presidential Elections

Investors regroup after the French presidential elections.

Author:: TheStreet Staff
Publish date:: May 9, 2017 3:41 AM EDT

Here is your summary of the financial news from around the world:

1. European stocks are expected to open modestly higher Tuesday as investors regroup after France's presidential elections and prepare for a Bank of England rate decision later this week.

2. Currency markets in Europe could provide a spark today, with both the euro and the pound easing from multi-month highs in overnight trading ahead of two key data points later in the week.

3. Commerzbank AG (CRZBY) , Germany's second biggest lender, posted much stronger-than-expected first quarter profits Tuesday but cautioned that the current low interest rate environment would continue to challenge its bottom line.

4. Global oil markets were, however, active overnight as prices continued to sag despite verbal efforts from some of the world's biggest producers to signal an increase in output cuts later this month in Vienna.

This article was written by a staff member of TheStreet.