European markets close higher; FTSE rises as sterling dips; UK's May forms government alliance
The pound dropped on Friday as elections in the U.K. ended in a hung parliament, with Asian indexes closing mostly higher.
Oil prices rose on Friday, bouncing a bit from steep falls earlier in the week.
Gold fell for a third day on Friday as the dollar firmed after the UK national election left no single party with a claim to power.
The dollar rose to a 10-day high, boosted by a weaker British pound after Theresa May's Conservative Party lost its parliamentary majority.
U.S. government debt prices slipped as investors processed the 2017 U.K. election result.
U.S. stock index futures pointed to a higher open on Friday, following results of the U.K. election, with May's Conservatives losing its outright majority in parliament.
Markets in Europe were mixed Thursday afternoon as politics and monetary policy took center stage.
U.S. equities closed mostly higher on Thursday as Wall Street digested former FBI Director James Comey's testimony.
Asian markets closed mostly higher on Thursday ahead of key risk events later in the day.
Oil prices fell to one-month lows on Thursday after an unexpected surge in U.S. inventories and more Nigerian crude hit the market.
Gold slipped on Thursday after the ECB's decision to leave rates unchanged.
U.S. government debt prices edged lower, as investors digested political news from the U.S. and braced themselves for an election in Europe.
U.S. stock index futures pointed to a higher open Thursday, as investors braced themselves for a slew of economic and political events.
Stocks rose as investors hoped the testimony from former Comey will be less damaging to President Donald Trump than previously feared.
European markets closed mixed on Wednesday, as investors looked ahead to major political and economic events on Thursday.
Asian markets were mixed on Wednesday as markets cautiously awaited a trio of potential major risk events, including the U.K. election.
U.S. crude inventories rose by 3.3 million barrels in the week to May 26, compared with estimates for a 3.5 million barrel drop.
The euro fell more than half a percent on Wednesday after a report suggesting the ECB is preparing to cut its outlook for inflation.
Gold steadied near seven-month highs on Wednesday with sentiment still bullish due to a lower dollar.