Global Markets React To Fed Rate Hike

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

1. European stocks are set snap their winning streak Thursday as global investors reduce risk following yesterday's rate hike from the U.S. Federal Reserve and new reports that link President Donald Trump to the ongoing probe into Russia's interference in last year's elections.

2. A report from the Washington Post late Wednesday said that Trump was being investigated by special counsel Robert Muller for possibly obstructing justice after he fired former FBI James Comey amid a probe into Russian meddling during the 2016 election.

3. Investors looked for safety in the latter part of yesterday's session and into Asia trading, taking benchmark U.S. 10-year yields to 2.11%, the lowest since early November, and trimmed gains for the dollar index, which measures the greenback against six global peers, to 96.90.

4. Crude prices fell around 4% in Wednesday trading and extended that decline overnight in Asia, taking WTI futures for July delivery another 3 cents per barrel lower to $44.67 by 06:60 London time.

This article was written by a staff member of TheStreet.