Stress Tests, Oil Markets and European Stocks - This Is What You Need to Know
This is what you need to know on Tuesday:
1. European stocks trade firmly higher and help pull Wall Street futures into the green
2. A successful round of U.K. bank stress tests and a bullish outlook for global oil markets from Royal Dutch Shell (RDS.A) added to investor optimism as U.S. lawmakers prepare for a key vote on tax reform later this week.
3. Shell leaped to the top of the FTSE 100 Tuesday after the company boosted its cashflow forecast and said it would pay future dividends in cash now that oil prices have stabilised and its balance sheet has improved.
4. China's share market was once again volatile, as domestic investors grapple with changes to the government's strategy towards limiting the so-called shadow banking sector.
5. Global oil markets continued to soften overnight as investors trim positions into this week's OPEC leaders' summit in Vienna.
Watch More with TheStreet:
- The Best Cyber Monday Sales for 2017
- The 2018 Lincoln Navigator Is the $90,000 Second Home You Always Wanted
- 5 Billionaires That Won't Leave Their Fortunes to Their Kids
- Is Mining Bitcoin Worth Destroying Your Electric Bill?
Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter.
