This is what you need to know on Thursday:
1. European stocks extend gains Thursday as global investors react to early tax reform proposals from U.S. President Donald Trump and near-term rate hikes from the Federal Reserve.
2. Global market reaction to the President's plans, which include slashing the rate of corporate tax and making the repatriation of overseas profits more seamless, has been mixed thus far, however, given the questions that surround his ability to build consensus in Congress.
3. Global oil markets are also expected to be active after prices fell sharply Wednesday following a surprise 1.8 million barrel build in U.S. crude inventories reported by the Energy Information Administration.
4. Toshiba has signed an agreement with Bain Capital to sell its flash memory unit for $18 billion.
5. Early indications from U.S. equity futures suggest a flat open on Wall Street, with both Dow Jones and S&P 500 mini prices pointing to little more than a 0.01% gain at the opening bell.
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