Investors Take a Softer Tone as Global Market Rally Eases

Oil markets, however, were modestly firmly this morning after West Texas Intermediate crude futures for August delivery rose 0.3% to $42.87 per barrel.
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Here is your round-up of the financial news from around the world:

1. European stocks open lower again Friday as investors continue to eye developments in global crude markets and prepare for a series of key activity data releases from the currency area

2. Oil markets, however, were modestly firmly this morning after West Texas Intermediate crude futures for August delivery rose 0.3% in Asia trading to $42.87 per barrel by the start of the European session. Brent contracts for the same month, the global benchmark, were seen 0.35% higher at $45.40.

3. The European Central Bank has fired what could be the most significant salvo in the battle for London's financial market dominance Friday, one year on from Britain's vote to leave the European Union.

4. Early indications from U.S. equity futures point to modest gains on Wall Street later today, with the Dow Jones Industrial Average set to rise 15 points, or 0.07%, at the opening bell and slightly firmer 0.1% gains priced in for the broader S&P 500 and the tech-heavy Nasdaq.Early indications from U.S. equity futures point to modest gains on Wall Street later today, with the Dow Jones Industrial Average set to rise 15 points, or 0.07%, at the opening bell and slightly firmer 0.1% gains priced in for the broader S&P 500 and the tech-heavy Nasdaq.

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This article was written by a staff member of TheStreet.