ADVFN Newsdesk - Uncertainty May Lead To Choppy Trading On Wall Street

[ADVFN]( [World Daily Markets Bulletin]( [Daily world financial news]( [Wednesday, 21 June 2017 09:30:44]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Forex]( [Boards]( Investing Signals Cut down on market noise and join the winning bunch. Medium to long term signals for forex, stocks, ETFs from Award-Winning Investor, Author & Professor at Baruch College in New York. [Click 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 opening on Wednesday following the pullback seen in the previous session. Traders may be reluctant to make significant moves amid uncertainty about the near-term outlook for the markets after yesterday’s weakness. The price of crude oil is likely to remain in focus. Following the strength seen during trading on Monday, stocks moved notably lower over the course of the trading day on Tuesday. With the drop on the day, the Dow and the S&P 500 pulled back off Monday’s record closing highs. The major averages ended the session just off their worst levels of the day. The Dow dipped 61.85 points or 0.3 percent to 21,467.14, the Nasdaq slid 50.98 points or 0.8 percent to 6,188.03 and the S&P 500 fell 16.43 points or 0.7 percent to 2,437.03. The pullback by stocks came amid a sharp drop by the price of crude oil, which fell into bear territory amid concerns about oversupply. Overall trading activity remained somewhat subdued, however, with a lack of major U.S. economic data keeping some traders on the sidelines. Energy stocks saw significant weakness amid the steep drop in oil prices but ended the session well off their worst levels of the day. Reflecting the weakness in the energy sector, the Philadelphia Oil Service Index plunged by 2.3 percent, while the NYSE Arca Oil & Gas Index and the NYSE Arca Natural Gas Index fell by 1.7 percent and 1.3 percent, respectively. Considerable weakness also emerged among transportation stocks, as reflected by the 1.8 drop by the Dow Jones Transportation Average. The average pulled back off its best closing level in well over three months. Steel, telecom, and electronic storage stocks also saw notable 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 At 10 am ET, the National Association of Realtors is scheduled to release its report on existing home sales in the month of May. Economists expect existing home sales to edge down to an annual rate of 5.55 million in May after falling to a rate of 5.57 million in April. The Energy Information Administration is also due to release its report on oil inventories in the week ended June 16th at 10:30 am ET. Crude oil inventories are expected to slump by 2.1 million barrels after falling by 1.7 million barrels in the previous week. --------------------------------------------------------------- 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 fallen again on Wednesday as oil prices dropped further into bear market territory and Provident Financial issued a profit warning, sending financials sharply lower. Investor sentiment was also affected by geopolitical tensions after reports emerged that U.S. spy satellites have detected new activity at an underground site in North Korea used to test nuclear weapons. While the French CAC 40 Index has dropped by 0.7 percent, the U.K.’s FTSE 100 Index and the German DAX Index are down by 0.6 percent and 0.5 percent, respectively. Provident Financial shares have plummeted in London after the subprime lender warned that its consumer credit division would see profits nearly halve in 2017. Regional banks Commerzbank, Deutsche Bank, BNP Paribas, Credit Agricole, Societe Generale, Barclays and Lloyds Banking Group have also moved lower percent. Meanwhile, Whitbread has soared after the owner of the Costa coffee chain and Premier Inn hotels reported a 7.6 percent rise in first-quarter sales, in line with expectations. Berkeley Group Holdings has also rallied after the homebuilder reported better-than-expected full-year profits, defying a slowdown in its key London market. Centrica shares have risen after the gas and electricity supplier agreed to sell its two biggest gas plants to a subsidiary of Czech energy company EPH. On the economic front, the French economy is forecast to grow at the strongest pace since 2011, statistical office Insee said in its quarterly report. GDP is forecast to expand 1.6 percent this year, the strongest since 2011. The British budget deficit reached the lowest for the month of May since 2007, figures from the Office for National Statistics showed. Public sector net borrowing excluding public sector banks decreased by 0.3 billion pounds from the previous year to 6.7 billion pounds. --------------------------------------------------------------- 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.]( --------------------------------------------------------------- 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 closed mostly lower on Wednesday, tracking losses on Wall Street overnight after U.S. crude futures fell more than 2 percent to enter into bear market territory on concerns about oversupply. A decision by U.S. index provider MSCI to add mainland China-listed shares to its widely followed stock indexes failed to boost investors' risk appetite. Geopolitical tensions also took center stage after U.S. President Donald Trump tweeted that efforts by China to rein in North Korea have not worked. Trump's warning came exactly a day before U.S. and Chinese officials are to meet in Washington to talk about North Korea. Japanese shares lost ground as a stronger yen as well as falling oil prices sapped investors' appetite for risk. The Nikkei 225 Index ended down 91.62 points or 0.5 percent at 20,138.79, while the broader Topix index closed 0.4 percent lower at 1,611.56. Oil & gas giant Inpex Corp dropped 1.2 percent and Japan Petroleum lost 1.9 percent. Troubled conglomerate Toshiba gave up 2.2 percent after announcing it has chosen a U.S.-Japan consortium as the preferred bidder for its lucrative memory chip business. The Bank of Japan released the minutes of its April policy meeting, which showed that policymakers are more optimistic about exports and industrial production, despite relatively weak wage growth and stubbornly low inflation. Australian shares tumbled as banks extended losses after a Moody's downgrade and falling commodities prices weighed on material and energy stocks. The benchmark S&P/ASX 200 Index plunged 91.60 points or 1.6 percent to 5,665.70, recording its biggest single-day loss since November 9th. The broader All Ordinaries Index slumped 89.10 points or 1.5 percent to 5,703.20. The big four banks lost 2-3 percent. QBE Insurance Group plunged more than 10 percent after flagging higher claims in its emerging markets businesses. Energy majors Woodside Petroleum, Santos, Origin Energy and Oil Search tumbled 2-3 percent as oil prices hit seven-month lows. Rio Tinto declined 2.9 percent after the mining giant snubbed a counter bid for its Australian coal assets from rival Glencore and urged shareholders to approve a previous bid by a Chinese company. Rival BHP Billiton slumped 3.8 percent and Fortescue Metals Group plummeted 4.6 percent. Meanwhile, China's Shanghai Composite Index rose 16.20 points or 0.5 percent to 3,156.21 following MSCI's decision to add mainland stocks to one of its key benchmarks. Hong Kong's Hang Seng Index slid 148.46 points or 0.6 percent to 25,694.58. --------------------------------------------------------------- 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 rising $0.21 to $43.72 a barrel after tumbling $0.97 to $43.23 a barrel on Tuesday. Gold futures, which slid $3.20 to $1,243.50 an ounce in the previous session, are inching up $0.70 to $1,244.20 an ounce. On the currency front, the U.S. dollar is trading at 111.56 yen compared to the 111.45 yen it fetched at the close of New York trading on Tuesday. Against the euro, the dollar is valued at $1.1150 compared to yesterday’s $1.1134. --------------------------------------------------------------- 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