ADVFN Newsdesk - Futures Pointing To Lower Open On Wall Street

[ADVFN]( [World Daily Markets Bulletin]( [Daily world financial news]( [Monday, 12 June 2017 10:49:20]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Forex]( [Boards]( CANNABIS MARKETPLACE INVESTMENT OPPORTUNITIES AVAILABLE NOW HelloMD, the largest medical cannabis community is soon to be come the largest marijuana product marketplace. In two short years, HelloMD has gone from strength to strength and earned its place as one of the most trusted brands in cannabis. Early stage investment opportunities available now to all investors. [More Information here.]( --------------------------------------------------------------- US Market [To view the charts please add newsdesk@advfn.com to your contact list] NYSE AMEX Dow Jones Nasdaq [NYSE]( [AMEX]( [Dow Jones]( [Nasdaq]( Please click on the images to view our interactive charts The major U.S. index futures are pointing to a lower opening on Monday following the mixed performance seen last week. Traders may be reluctant to make significant moves ahead of the Federal Reserve’s monetary policy announcement on Wednesday. While the Fed is widely expected to raise interest rates by a quarter point, traders will be paying close attention to the accompanying statement for clues about the outlook for rates. After reaching record intraday highs early in the session, stocks gave back some ground over the course of the trading day on Friday. The tech-heavy Nasdaq pulled back firmly into negative territory, but the Dow managed to close in positive territory. While the Dow climbed 89.44 points or 0.4 percent to 21,271.97, the Nasdaq tumbled 113.85 points or 1.8 percent to 6,207.92 and the S&P 500 edged down 2.02 points or 0.1 percent to 2,431.77. The major averages also turned in a mixed performance for the week. The Dow rose by 0.3 percent, while the Nasdaq slumped by 1.6 percent and the S&P 500 fell by 0.3 percent. The sharp pullback seen by the Nasdaq came as traders cashed in on some of the recent strength among technology stocks. Semiconductor stocks showed a substantial move to the downside, dragging the Philadelphia Semiconductor Index down by 4.2 percent. The index ended the previous session at its best closing level in over sixteen years. Graphics chipmaker Nvidia (NVDA) led the sector lower following recent strength, tumbling 6.5 percent from the record closing high set on Thursday. Internet, software, and computer hardware stocks also moved significantly lower, reflecting weakness throughout the tech sector. Tech giant Apple (AAPL) plunged by 3.9 percent. On the other hand, energy stocks moved sharply higher on the day, regaining some ground after coming under pressure in recent sessions. Reflecting the strength in the energy sector, the Philadelphia Oil Service Index spiked by 3.7 percent, the NYSE Arca Natural Gas Index surged up by 3 percent and the NYSE Arca Oil & Gas Index jumped by 2.3 percent. The rebound by energy stocks came as the price of crude oil for July delivery rose $0.19 to $45.83 a barrel after ending the previous session at its lowest closing level in over a month. Financial stocks also saw considerable strength, with the Dow Jones Banks Index and the NYSE Arca Broker/Dealer Index jumping by 2.5 percent and 1.8 percent, respectively. The rally by financial stocks came after House Republicans voted Thursday to pass a bill rolling back many of the banking regulations put in place in response to the 2008 financial crisis. Traders were also digesting the unexpected outcome of the U.K. elections in which no party gained a clear majority, resulting in a hung parliament. The election backfired on U.K. Prime Minister Theresa May and her Conservative party, who had expected to expand their majority. In remarks this morning, May indicated she would work with Northern Ireland's Democratic Unionist Party to form a government and provide certainty for the British people. "Our two parties have enjoyed a strong relationship over the many years," May said. "This gives me the confidence to believe that we will be able to work together in the interests of the whole United Kingdom." Meanwhile, traders were also looking ahead to next week's monetary policy announcement by the Federal Reserve. CME Group's FedWatch Tool indicates a 99.6 percent chance that the Fed will raise interest rates by a quarter point next week. With the Fed widely expected to raise rates, traders will pay close attention to the accompanying statement for clues about future rate hikes. --------------------------------------------------------------- CannaInvestors Hub Magazine - Research for Cannabis Investors [Subscribe for Free to the May 2017 issue]( Featured Companies include HelloMD, AEssenseGrows, MCig, Inc, Grow Condos, Novus Acquisition and Dev, Naturally Splendid Ent Ltd, AusCann Group Holdings. [Click Here]( --------------------------------------------------------------- US Economic Reports [To view the charts please add newsdesk@advfn.com to your contact list] CADUSD Oil Gold Allbanc [CADUSD]( [Oil]( [Gold]( [Allbanc]( Please click on the images to view our interactive charts The Federal Reserve’s monetary policy decision is likely to be in the spotlight this week, with the Fed widely expected to announce a quarter-point rate hike on Wednesday. Traders will also be presented will some key economic data, including reports on retail sales, industrial production, housing starts, and producer and consumer price inflation. At 1 pm ET, the Treasury Department is due to announce the results of its auctions of $24 billion worth of three-year notes and $20 billion worth of ten-year notes. The Treasury Department is also scheduled to release its monthly budgetary statement for May at 2 pm ET. The report is expected to show an $87 billion deficit. --------------------------------------------------------------- The Cannabis Industry Annual Report 2017 Gain access to the latest business intelligence and stay on top of the rapidly changing cannabis industry with The Cannabis Industry Annual Report: 2017 Legal Marijuana Outlook. [Click Here]( --------------------------------------------------------------- Europe markets European stocks fell on Monday, with tech stocks coming under heavy selling pressure, after reports emerged that Apple's next iPhones won't include support for gigabit LTE speeds. Also, with U.K. political uncertainty still weighing on markets, investors paid little attention to positive poll results in France and Italy. French President Emmanuel Macron's party won an overwhelming majority in the first round of parliamentary elections, leaving traditional parties in disarray. In Italy, populist 5Star Movement suffered an unexpected setback in local municipal elections. The pan-European Stoxx Europe 600 index was down 0.8 percent at 387.32 in late opening deals after rising 0.3 percent on Friday. The German DAX was losing 0.7 percent, France's CAC 40 index was declining 0.8 percent and the U.K.'s FTSE 100 was moving down 0.2 percent. Chipmakers ASML Holding, Dialog SemiConductor and STMicro fell 4-7 percent after heavy losses in their U.S. and Asian peers. Dassault Systèmes dropped 2.5 percent percent after it agreed to acquire a Dutch company specialized in marine and offshore engineering software. Vonovia SE shares declined more than 1 percent. The German apartment owner announced that 49.86 percent of its shareholders choose scrip dividend instead of the cash dividend. Anglo-Australian mining giant Rio Tinto shed half a percent after saying its wholly-owned Australian subsidiary, Coal & Allied Industries, has received a takeover proposal from Glencore Plc. In economic releases, the French economy is forecast to grow as previously estimated in the second quarter, according to a survey conducted by the Bank of France. The bank said GDP will grow 0.5 percent in the second quarter, the same rate as estimated in May. --------------------------------------------------------------- Utilize the strategy that has achieved a 1,281% cumulative gain Investors who use utilize The Option Advisor trade recommendations have enjoyed a 1,281% cumulative gain; and for a limited time you can join them at no cost! When you join The Option Advisor you'll learn how to trade smarter and maximize your returns by utilizing Bernie Schaeffer's 35 years of options trading experience. Each month you'll receive 10 trades targeting triple-digit gains, as well as invaluable market insight and commentary. And if you [click here now you'll receive 12 months FREE!]( --------------------------------------------------------------- Asia markets [To view the charts please add newsdesk@advfn.com to your contact list] USDCAD USDEUR USDGBP USDJPY [USDCAD]( [USDEUR]( [USDGBP]( [USDJPY]( Please click on the images to view our interactive charts Asian stocks fell broadly on Monday as investors awaited central bank meetings in the U.S., U.K., and Japan due this week. French President Emmanuel Macron's party won an overwhelming majority in the first round of parliamentary elections, helping limit regional losses to some extent. The Federal Reserve is widely expected to raise interest rates by 25 bps when it announces its monetary policy decision on Wednesday. However, no changes are expected from the Bank of England and the Bank of Japan. The U.K. general election result created uncertainty over the policy platform, political cohesion and longevity of the next U.K. government, Fitch Ratings said. This will have implications for Brexit as well as potentially fiscal policy, the agency said. China's Shanghai Composite index slid 18.52 points or 0.59 percent to 3,139.88, with worries over tighter credit and slowing growth weighing on markets. Hong Kong's Hang Seng index lost 322.25 points or 1.24 percent to finish at 25,708.04. Japanese shares fell as the yen firmed up in morning trade and official data showed the country's core machinery orders, a popular proxy of capital spending, fell more than expected in April amid a slowdown in construction and public sector investment. The Nikkei average dropped 104.68 points or 0.52 percent to 19,908.58 while the broader Topix index ended flat at 1,591.55. Tech stocks were among the worst hit, with Tokyo Electron, Advantest and Alps Electric falling over 3 percent each following reports that Apple's next iPhones won't include support for gigabit LTE speeds. Toshiba Corp shares soared 9.4 percent after the company sealed a deal to cap its liability for one of its troubled reactor projects. --------------------------------------------------------------- Leaked tax return reveals secret to pocketing $460,164... Official tax return reveals how one trader nabbed annual gains of 228%, 309% and 339%. His tax return was released online, exposing this simple trading technique used to pocket nearly half a million in profits. [Click here to see the official tax return before it is deleted...]( --------------------------------------------------------------- Currency and Commodities Markets Crude oil futures are climbing $0.74 to $46.57 a barrel after rising $0.19 to $45.83 a barrel last Friday. Meanwhile, an ounce of gold is trading at $1,267.90, down $3.50 from the previous session’s close of $1,271.40. On Friday, gold fell $8.10. On the currency front, the U.S. dollar is trading at 109.97 yen compared to the 110.32 yen it fetched at the close of New York trading on Friday. Against the euro, the dollar is valued at $1.1216 compared to last Friday’s $1.1195. --------------------------------------------------------------- 7 Shocking Forecasts for 2017 [There's no question that America is in trouble: Startling report reveals the terrifying truths that Washington doesn't want you to know & the actions to take NOW to protect your family through the chaos ... FREE]( --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49