ADVFN Newsdesk - Bargain Hunting May Contribute To Early Strength On Wall Street

[ADVFN]( [World Daily Markets Bulletin]( [Daily world financial news]( [Wednesday, 28 June 2017 09:19:32]( [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 higher opening on Wednesday after stocks moved notably lower over the course of the previous session. Bargain hunting may contribute to early strength on Wall Street, as traders pick up stocks at relatively reduced levels following the drop seen on Tuesday. Following the lackluster performance seen on Monday, stocks moved mostly lower over the course of the trading day on Tuesday. The tech-heavy Nasdaq showed a particularly steep drop, underperforming the other two major averages. The major averages ended the session at their worst levels of the day. The Dow fell 98.89 points or 0.5 percent to 21,310.66, the Nasdaq tumbled 100.53 points or 1.6 percent to 6,146.62 and the S&P 500 slid 19.69 points or 0.8 percent to 2,419.38. The weakness on Wall Street came following news that the International Monetary Fund lowered its outlook for U.S. economic growth. The IMF lowered its forecast for GDP growth this year to 2.1 percent from 2.3 percent and also slashed its outlook for GDP growth next year to 2.1 percent from 2.5 percent. The group said its forecast uses a baseline assumption of unchanged policies due to uncertainty about President Donald Trump's ability to accomplish his goals on tax reform and spending. Negative sentiment was also generated by news that Senate Republicans have delayed a vote on their bill to repeal and replace Obamacare until after the July 4th recess. The move by Senate Majority Leader Mitch McConnell, R-Ken., comes as several Republican Senators indicated they would vote against a procedural motion to begin debate on the bill. McConnell reportedly told Republicans the bill would be rewritten over the recess and receive a new score from the Congressional Budget Office. Additionally, a notable decline by shares of Alphabet (GOOGL) weighed on the Nasdaq, with the parent of Google sliding by 2.5 percent. The drop came after Google was hit with a record $2.7 billion fine by European Union regulators over claims the company favored its own comparison-shopping service in search results. Meanwhile, the Conference Board released a report showing an unexpected improvement in U.S. consumer confidence in the month of June. The Conference Board said its consumer confidence index rose to 118.9 in June from a downwardly revised 117.6 in May. The increase came as a surprise to economists, who had expected the index to drop to 116.7 from the 117.9 originally reported for the previous month. Biotechnology stocks showed a substantial move to the downside on the day, resulting in a 3.2 percent slump by the NYSE Arca Biotechnology Index. The index pulled back further off the nearly two-year closing high set last Friday. Alder BioPharmaceuticals (ALDR) led the biotech sector lower after releasing the results of a phase 3 trial of its migraine prevention drug. Significant weakness was also visible among semiconductor stocks, as reflected by the 2.7 percent loss posted by the Philadelphia Semiconductor Index. With the drop, the index fell to its lowest closing level in over a month. Gold, internet, software, and utilities stocks also saw considerable weakness, 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 pending home sales in the month of May. Pending home sales are expected to rise by 0.8 percent in May after falling by 1.3 percent in April. A pending home sale is one in which a contract was signed but not yet closed. Normally, it takes four to six weeks to close a contracted sale. The Energy Information Administration is also due to release its report on oil inventories in the week ended June 23rd at 10:30 am ET. Crude oil inventories are expected to slump by 3 million barrels after dropping by 2.5 million barrels in the previous week. At 1 pm ET, the Treasury Department is scheduled to announce the results of its auction of $28 billion worth of seven-year notes. --------------------------------------------------------------- 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 turned mixed over the course of the trading session on Wednesday. While the German DAX Index is down by 0.2 percent, the U.K.’s FTSE 100 Index is just above the unchanged line and the French CAC 40 Index is up by 0.1 percent. The mixed performance comes as reports said European Central Bank officials think the markets misjudged yesterday’s speech by ECB President Mario Draghi. While the comments by Draghi were widely seen as hawkish, the tone of the speech was intended to strike a balance. Hargreaves Lansdown has moved lower in London after the Financial Conduct Authority proposed sweeping changes to the asset management industry in order to improve transparency and offer greater protection for investors. Dutch consumer electronics giant Philips Electronics has fallen after announcing an agreement to buy Spectranetics Corp. for an enterprise value of 1.9 billion euros. ABN Amro has also come under pressure after the Dutch government reduced its stake in the bank to 63 percent. On the other hand, Nestle has rallied after launching a 20 billion Swiss franc share buyback program. Intesa Sanpaolo shares have also risen as S&P reaffirmed the short and long-term ratings of the Italian lender. French industrial group Legrand has rallied after it agreed to acquire U.S. infrastructure company Milestone. --------------------------------------------------------------- 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 Most Asian stocks fell on Wednesday as the Senate Republicans' move to delay a vote on the healthcare bill until after next week's July 4th holiday triggered concerns whether the Trump administration will be able to deliver pledged tax cuts and infrastructure spending. The euro hit a one-year high as traders digested hawkish comments from ECB President Mario Draghi that suggested the central bank could trim its stimulus this year. The dollar was little changed versus the yen, while crude oil prices were lower ahead of weekly inventory data from the U.S. due later in the day. China's Shanghai Composite Index closed 17.29 points or 0.5 percent lower at 3,173.90, a day after Premier Li Keqiang said that maintaining medium to high-speed long-term growth will not be easy. Hong Kong's Hang Seng Index fell 156.49 points or 0.6 percent to 25,683.50. Japanese shares also moved lower, dragged down by tech shares, after EU regulators fined Google a record 2.4 billion euros ($2.7 billion) for violating antitrust rules and a massive global cyber-attack hit IT systems across multiple geographies and business units. The Nikkei 225 Index dropped 94.68 points or 0.5 percent to 20,130.41, while the broader Topix index closed 0.3 percent lower at 1,614.37. Toshiba Corp fell 1.8 percent after saying it is suing Western Digital (WDC) for interfering with the sale of its memory chip business. On the economic front, Japanese small business confidence improved for the second straight month in June, survey data from Shoko Chukin Bank showed today. Meanwhile, Australian shares recovered from early losses to close notably higher, led by gains in the mining, energy and entertainment sectors. The benchmark S&P/ASX 200 Index climbed 41.50 points or 0.7 percent to 5,755.70, while the broader All Ordinaries Index finished up 43.60 points or 0.8 percent at 5,796.10. BHP Billiton, Rio Tinto, South32 and Fortescue Metals Group rallied 2-4 percent after Chinese iron ore prices hit one-month highs on Tuesday. Woodside Petroleum and Santos climbed around 2 percent each after oil prices rose for a fourth straight session on Tuesday on a weaker dollar and amid short-covering after recent steep losses. Shares of Nine Entertainment jumped 4.5 percent and shares of Southern Cross Media soared 7.1 percent after the federal government regulated a cut in broadcasting license fees. Sirtex Medical jumped as much as 17 percent after announcing major writedowns on the value of its clinical and R&D assets. The big four banks rose between 0.4 percent and 1.1 percent, while Insurance Australia Group rallied 6.4 percent after raising its margin guidance. --------------------------------------------------------------- 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 slipping $0.18 to $44.06 a barrel after climbing $0.86 to $44.24 a barrel on Tuesday. Gold futures, which inched up $0.50 to $1,246.90 an ounce in the previous session, are rising $5.40 to $1,252.30 an ounce. On the currency front, the U.S. dollar is trading at 112.08 yen compared to the 112.35 yen it fetched at the close of New York trading on Tuesday. Against the euro, the dollar is valued at $1.1327 compared to yesterday’s $1.1339. --------------------------------------------------------------- 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