Global Oil Price Slump Keeps Markets On Edge

Global Oil Price Slump Keeps Markets On Edge
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Here is your round-up of the financial news from around the world:

1. European stocks open with a defensive tenor Thursday as global market momentum slows amid concerns over slumping oil prices and divergent central bank signals from the world's biggest economies.

2. Global oil prices edged higher in overnight trading, but remain within touching distance of 10-month lows after a 2.3% slide yesterday that came despite a 2.7 million barrel drop in crude stocks in the week ending June 16 reported yesterday by the Energy Information Administration.

3. In Europe, the single currency remained range-bound at 1.1170 amid a dearth of headline drivers and the backdrop of easy monetary policy from the European Central Bank.

4. Imagination Technologies plc (IMGTY)  shares surged in early London trading on news that Apple Inc.  supplier put itself up for sale months after the tech giant said it would stop using the chip designer's technology

5. Tech stocks could be set to drive gains once again on Wall Street, according to U.S. equity futures, with the Nasdaq set to rise around 15 points at the opening bell. The broader S&P 500, however, will likely start the session little-changed from its 2,453.61 point close on Wednesday.

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This article was written by a staff member of TheStreet.