Wall Street Preview: Global Markets on Edge

Former FBI Director James Comey prepares to testify, the U.K. election is on tap and the European Central Bank will meet on Thursday.

Author:: TheStreet Staff
Publish date:: Jun 7, 2017 8:43 AM EDT

U.S. stock futures on Wednesday traded flat to slightly higher ahead of testimony on alleged Russian interference from former FBI Director James Comey, while European shares posted gains ahead of elections in the U.K. and Thursday's meeting of the European Central Bank.

Comey will deliver public testimony to the Senate Intelligence Committee on Thursday. Donald Trump fired Comey earlier in May while the FBI was investigating the Trump transition team's ties to Russia. News reports also indicated that Trump had asked Comey for his loyalty and requested he stop investigating former National Security Adviser Michael Flynn.

Stocks in the U.S. have declined the past two days as investors traded cautiously ahead of Comey's appearance.

This article was written by a staff member of TheStreet.