ADVFN Newsdesk - Federal Reserve Announcement In Focus On Wall Street

[ADVFN]( [World Daily Markets Bulletin]( [Daily world financial news]( [Wednesday, 14 June 2017 09:14:17]( [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 higher opening on Wednesday, with stocks poised to extend the upward move seen in the previous session. Traders may be reluctant to make significant moves ahead of the Federal Reserve's monetary policy announcement this afternoon. The Fed is widely expected to raise rates by a quarter point, although traders will pay close attention to the accompanying statement for clues about the outlook for rates. Stocks moved to the upside early in the session and remained firmly positive throughout the trading day on Tuesday. With the upward move, the Dow and the S&P 500 both climbed to new record closing highs. The Dow climbed 92.80 points or 0.4 percent to 21,328.47, the Nasdaq advanced 44.90 points or 0.7 percent to 6,220.37 and the S&P 500 rose 10.96 points or 0.5 percent to 2,440.35. The strength on Wall Street was partly due to bargain hunting, with traders picking up stocks at relatively reduced levels. Nonetheless, trading activity was subdued ahead of tomorrow's Federal Reserve announcement on monetary policy. 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. On the U.S. economic front, the Labor Department released a report showing that producer prices were flat in the month of May. The Labor Department said its producer price index for final demand was unchanged in May after climbing by 0.5 percent in April. Economists had expected the index to inch up by 0.1 percent. Excluding food and energy prices, core producer prices rose by 0.3 percent in May following a 0.4 percent increase In April. Core prices were expected to rise by 0.2 percent. Computer hardware stocks showed a strong move to the upside, driving the NYSE Arca Computer Hardware Index up by 1.8 percent. Western Digital (WDC) and Logitech (LOGI) posted standout gains. Notable strength is also visible among energy and housing stocks, while most of the other major sectors showed more modest moves. --------------------------------------------------------------- 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 Commerce Department released a report this morning showing an unexpected drop in retail sales in the month of May. The Commerce Department said retail sales fell by 0.3 percent in May after climbing by an upwardly revised 0.4 percent in April. The drop in sales surprised economists, who had expected sales to inch up by 0.1 percent compared to the 0.3 percent increase originally reported for the previous month. Excluding auto sales, retail sales still fell by 0.3 percent in May following the 0.4 percent growth seen in April. Ex-auto sales were expected to rise by 0.2 percent. A separate report from the Labor Department showed a modest decrease in consumer prices in May amid a steep drop in energy prices. The report said the consumer price index edged down by 0.1 percent in May after rising by 0.2 percent in April. Economists had expected prices to come in unchanged. Excluding food and energy prices, core consumer prices inched up by 0.1 percent in May, matching the uptick seen in the previous month. Core prices had been expected to rise by 0.2 percent. At 10 am ET, the Commerce Department is due to release a report on business inventories in the month of April. Inventories are expected to dip by 0.2 percent. The Energy Information Administration is scheduled to release its report on oil inventories in the week ended June 9th at 10:30 am ET. Crude oil inventories after expected to drop by 2.96 million barrels after climbing by 3.30 million barrels in the previous week. At 2 pm ET, the Federal Reserve is scheduled to announce its monetary policy decision, with Fed Chair Janet Yellen due to hold a subsequent press conference at 2:30 pm ET. --------------------------------------------------------------- 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 rose on Wednesday as Chinese factory activity and retail sales data topped forecasts and investors braced for the U.S. Federal Reserve's interest-rate decision later in the day. A 25 bps rate hike looks like a done deal but there could be a dovish message on the outlook amid concerns about the downside risks for growth and inflation. The pan-European Stoxx Europe 600 index was up 0.6 percent at 390.92 in late opening deals after rising 0.6 percent the previous day. The German DAX and France's CAC 40 index were up around 0.8 percent, while the U.K.'s FTSE 100 was moving up 0.4 percent. Hexagon AB shares soared 13 percent. According to the Wall Street Journal, the Swedish industrial technology company has held talks on a possible sale to a U.S. or European rival. Tech stocks extended gains from the previous session, with Dialog Semiconductor and ASML Holding rising over 1 percent each. Italian bank Banco BPM advanced 1.5 percent after saying it would repurchase retails bonds from smaller lenders. Bellway's shares jumped over 4 percent in London after the housebuilder reported a rise in orders for its homes, citing robust market conditions. Rival Persimmon advanced 1.5 percent and Taylor Wimpey rallied 2 percent. Aggreko climbed 3 percent after acquiring a power rental company in Indonesia. In economic releases, data from Destatis showed that German consumer price inflation slowed to a six-month low in May, as initially estimated. Inflation eased to 1.5 percent from 2 percent in April. A Eurostat report showed that industrial production within the single currency block slowed in April amid a slowdown in output of capital goods. Industrial production grew an annual 1.4 percent in April, slower than the 2.2 percent gain in the prior month. The March figure was revised up from 1.9 percent. Employment hit a record high in both the euro area and the EU28 in the first quarter of the year amid sustained growth in the figures. The U.K. ILO jobless rate came in at 4.6 percent in three months to April, the same rate as seen in three months to March, and in line with expectations. --------------------------------------------------------------- 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 stock markets turned in a mixed performance on Wednesday as the focus remained firmly on today's Federal Reserve interest rate decision. A 25 bps rate hike looks like a done deal but there could be a dovish message on the outlook amid concerns about the downside risks for growth and inflation. Chinese shares lost ground as media reports alleging a probe of the head of financial conglomerate Anbang Insurance Group overshadowed positive data showing signs of stabilization in the world's second-largest economy. The benchmark Shanghai Composite index dropped 23.07 points or 0.73 percent to 3,130.67 while Hong Kong's Hang Seng index was marginally higher at 25,875 in late trade. Chinese factory output grew an annual 6.5 percent in May to beat forecasts and retail sales advanced 10.7 percent, while fixed-asset investment growth moderated in the first five months, official data showed. Japanese shares closed slightly lower as investors stayed away from making bets ahead of the Fed's interest-rate decision due later today, the Bank of England meeting on Thursday and the BoJ's two-day policy review ending on Friday. The Nikkei average moved in a narrow range before ending the session down 15.23 points or 0.08 percent at 19,883.52. The broader Topix index closed 0.11 percent lower at 1,591.77. Toshiba lost 4 percent after the electronics giant said it had been hit with 26 suits demanding a total of nearly $1 billion. Nintendo gained 1.8 percent after a slew of new announcements at this week's Electronic Entertainment Expo in Los Angeles. Ono Pharmaceutical soared 5.1 percent on saying it would repurchase up to 20 million shares. Australian shares rallied for a second day running to close near one-month highs after a rebound in tech stocks helped Wall Street indexes reach fresh record highs overnight. Investors shrugged off the latest survey from Westpac Bank showing that Australian consumer sentiment has fallen to its lowest levels in over a year. The benchmark S&P/ASX 200 climbed 61.10 points or 1.06 percent to 5,833.90 while the broader All Ordinaries index closed 60.40 points or 1.04 percent higher at 5,862.20. Financials closed broadly higher, with the big four banks rising between half a percent and 1.7 percent while investment bank Macquarie Group advanced 1.6 percent. Mining giants BHP Billiton and Rio Tinto ended on a flat note after industrial metal prices closed lower on Tuesday. Smaller rival Fotescue Metals Group jumped 3 percent. Vocus Group rose 1.4 percent after the telecom operator reaffirmed its outlook for full-year underlying profit. Healthcare stocks like Resmed and CSL rallied 2-3 percent. --------------------------------------------------------------- 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 falling $0.29 to $46.17 a barrel after rising $0.38 to $46.46 a barrel on Tuesday. Gold futures, which slipped $0.30 to $1,268.60 an ounce in the previous session, are climbing $6 to $1,274.60 an ounce. On the currency front, the U.S. dollar is trading at 109.48 yen compared to the 110.07 yen it fetched at the close of New York trading on Tuesday. Against the euro, the dollar is valued at $1.1265 compared to yesterday’s $1.1211. --------------------------------------------------------------- 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