ADVFN Newsdesk - Stocks May Experience Choppy Trading Early On

[ADVFN]( [World Daily Markets Bulletin]( [Daily world financial news]( [Friday, 16 June 2017 09:32:56]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Forex]( [Boards]( THE LARGEST CANNANIS MARKETPLACE SOON TO LAUNCH - INVEST NOW HelloMD, the largest medical cannabis community and the most trusted brand in cannabis is soon to be come the largest marijuana product marketplace. Invest now and join the ride as they embark on their next phase. REG-CF Crowd Fund entry: NOW OVERSUBSCRIBED. REG-D entry for accredited investors: STILL OPEN. [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 roughly flat open on Friday following the weakness seen in the previous session. The futures pulled back following the release of a report from the Commerce Department unexpectedly showing a steep drop in housing starts in the month of May. Following the mixed performance seen on Wednesday, stocks moved mostly lower during trading on Thursday. The major averages regained ground after an early move to the downside but remained stuck in negative territory. The Dow edged down 14.66 points or 0.1 percent to 21,359.90, the Nasdaq fell 29.39 points or 0.5 percent to 6,165.50 and the S&P 500 dipped 5.46 points or 0.2 percent to 2,432.46. The weakness on Wall Street came as traders continued to digest the Federal Reserve's decision to raise interest rates by a quarter point on Wednesday. Traders were also reacting to a slew of U.S. economic data, including a report from the Labor Department showing a bigger than expected drop in initial jobless claims in the week ended June 10th. The report said initial jobless claims fell to 37,000, a decrease of 8,000 from the previous week's unrevised level of 245,000. Economists had expected jobless claims to drop to 242,000. A separate report released by the Labor Department showed a bigger than expected drop in import prices in the month of May, reflecting a steep decline in prices for fuel imports. The Labor Department said its import price index fell by 0.3 percent in May after rising by 0.2 percent in April. Economists had expected import prices to edge down by 0.1 percent. The report also said export prices slid by 0.7 percent in May following a 0.2 percent increase in the previous month. Export prices had been expected to inch up by 0.1 percent. Growth in Philadelphia-area manufacturing activity slowed in the month of June, according to a report released by the Federal Reserve Bank of Philadelphia. The Philly Fed said its index for current manufacturing activity in the region decreased to 27.6 in June from 38.8 in May, although a positive reading still indicates growth. The index had been expected to drop to 24.0. After reporting a contraction in regional manufacturing activity in the previous month, the Federal Reserve Bank of New York released a report showing a rebound in activity in the month of June. The New York Fed said its general business conditions index shot up to 19.8 in June from a negative 1.0 in May, with a positive reading indicating growth in regional manufacturing activity. Economists had expected the index to rise to 4.0. The Fed also released a report this morning showing that U.S. industrial production was unchanged in the month of May. The Fed said industrial production was flat in May after jumping by 1.1 percent in April. Economists had expected production to rise by 0.2 percent. Meanwhile, homebuilder confidence in the U.S. unexpectedly decreased in the month of June, according to a report released by the National Association of Home Builders on Thursday. The report said the NAHB /Wells Fargo Housing Market Index dropped to 67 in June from 69 in May. The decrease surprised economists, who had expected the index to inch up to 70. Steel stocks showed a substantial move to the downside on the day, dragging the NYSE Arca Steel Index down by 2.6 percent. Energy, gold and retail stocks also saw considerable weakness on the day, moving lower along with most of the other major sectors. --------------------------------------------------------------- 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 said housing starts slumped by 5.5 percent to an annual rate of 1.092 million in May from the revised April estimate of 1.156 million. The significant decline surprised economists, who had expected housing starts to climb to a rate of 1.215 million from the 1.172 million originally reported for the previous month. The report said building permits also tumbled by 4.9 percent to a rate of 1.168 million in May from a revised 1.228 million in April. Building permits, an indicator of future housing demand, had been expected to rise to a rate of 1.250 million from the 1.229 million that had been reported for the previous month. At 10 am ET, the University of Michigan is scheduled to release its preliminary report on consumer sentiment in the month of June. The consumer sentiment index is expected to be unchanged at 97.1. Dallas Fed President Robert Kaplan is due to speak at a moderated Q&A held by Park Cities Rotary Club in Dallas at 12:45 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 have risen on Friday as Greece's creditors agreed to release a further tranche of funds to Athens and data showed European car sales bounced back in May after a dip in April. While the German DAX Index has risen by 0.3 percent, the U.K.’s FTSE 100 Index is up by 0.5 percent and the French CAC 40 Index is up by 0.7 percent. Investors also breathed a sigh of relief after a new poll showed French President Emmanuel Macron's centrist party is heading for a large majority in Sunday's legislative elections. In economic news, Eurozone inflation slowed as estimated in May, largely reflecting the slowdown in energy price growth, final data from Eurostat showed. Headline inflation eased to 1.4 percent from 1.9 percent in April. The rate came in line with the flash estimate published on May 31st. Nestle shares have rallied after the company said it was considering a sale of its U.S. confectionery business. Automakers BMW, Renault and Peugeot have also moved higher after industry data showed European car sales rose 7.7 percent in May from the same month a year ago. BHP Billiton has risen in London after the mining giant elected Ken MacKenzie, a former managing director of global packaging group Amcor, as its new chairman. BP Plc is moving to the upside after the energy giant and its Indian partner Reliance Industries unveiled plans to invest a combined $6 billion in the D6 gas field in the Krishna-Godavari (KG) basin. Rolls Royce Holding has rallied after the engine maker said it has started 2017 well, with all businesses performing in line with its 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 stocks rose broadly on Friday as the yen weakened and oil prices steadied after two day of losses on supply concerns. Investors also breathed a sigh of relief after Greece and European creditors reached a deal on the next stages of Athens' 86 billion euro bailout. The Japanese yen weakened against other major currencies after the Bank of Japan kept its monetary policy on hold, as widely expected, while upgrading its assessment of private consumption and overseas growth. Japanese shares hit one-week highs as the yen weakened and the Bank of Japan kept its monetary stimulus program unchanged. The Nikkei 225 Index climbed 111.44 points or 0.6 percent to 19,943.26, its highest level since June 9th but ended down 0.4 percent for the week. The broader Topix index ended the session half a percent higher at 1,596.04. Financials posted broad-based gains, with Mitsubishi UFJ Financial Group closing up 1.1 percent, while Nomura Holdings jumped nearly 3 percent. Trading in Takata Corp shares was suspended after reports that the air bag maker is preparing to file for bankruptcy protection as early as next week. Australian shares pared early gains but posted their strongest weekly advance in two months. The benchmark S&P/ASX 200 Index rose 10.80 points or 0.2 percent to 5,774, taking its weekly gain to 1.7 percent. The broader All Ordinaries Index closed up 11.30 points or 0.2 percent at 5,808, taking its weekly advance to 1.6 percent. The big four banks rose between 0.1 percent and half a percent as investors were lured by their dividend yields. Telstra also closed modestly higher, a day after the telecom company said it would lay off 1,400 workers in a fresh round of job cuts. Miners closed marginally lower, while energy stocks turned in a mixed performance. Meanwhile, Chinese stocks fell on concerns about the country's rising debt, slowing growth and policy tightening. The benchmark Shanghai Composite Index dropped 9.62 points or 0.3 percent to 3,122.86. Hong Kong's Hang Seng Index edged up 61.15 points or 0.2 percent to 25,625.49. --------------------------------------------------------------- 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 $0.34 to $44.80 a barrel after falling $0.27 to $44.46 a barrel on Thursday. Meanwhile, after plunging $21.30 to $1,254.60 an ounce in the previous session, gold futures are rising $3.10 to $1,257.70 an ounce. On the currency front, the U.S. dollar is trading at 111.17 yen compared to the 110.93 yen it fetched at the close of New York trading on Thursday. Against the euro, the dollar is valued at $1.1178 compared to yesterday’s $1.1214. --------------------------------------------------------------- 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 ... 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