{"id":128311,"date":"2018-06-12T06:15:07","date_gmt":"2018-06-12T10:15:07","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=128311"},"modified":"2018-06-12T06:15:07","modified_gmt":"2018-06-12T10:15:07","slug":"fed-meeting-starts-today","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/06\/fed-meeting-starts-today\/","title":{"rendered":"Fed meeting starts today"},"content":{"rendered":"
June 12, 2018<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/p>\n

\n
\n

Consumer staples lead US stocks advance<\/h2>\n<\/div>\n<\/div>\n

US stock markets\u00a0<\/b>extended gains Monday led by consumer staples shares. The\u00a0S&P 500\u00a0<\/em>gained 0.1% to 2782 with eight of its 11 sectors finishing higher.\u00a0Dow Jones\u00a0<\/a>industrial advanced less than 0.1% to 25322.31. The\u00a0Nasdaq\u00a0<\/em>composite index rose 0.2% to record high 7659.93. The dollar strengthening continued:\u00a0live dollar index<\/a>\u00a0data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, inched up 0.03% to 93.572 and is rising currently. Stock index futures indicate higher openings today.<\/p>\n

\n
\n

Treasury yields inched up ahead of the Federal Reserve two-day meeting starting today. It is widely expected that the central bank will hike rates a quarter percentage points when the meeting concludes tomorrow. Today at 14:30 CET May inflation report will be released. Confirmation of expectations of rising inflation by data will provide more support to the view policy makers may opt for more aggressive tightening. In such case investors expect the dot plot, the policy makers\u2019 projections for monetary policy, will show central bank officials plan four rate hikes this year.<\/p>\n<\/div>\n<\/div>\n

\n
\n

FTSE 100 leads major European indices gains<\/h2>\n<\/div>\n<\/div>\n

European stock indices\u00a0<\/b>recovered on Monday led by Italian shares as country\u2019s finance minister said the new government was committed to the euro. The\u00a0British Pound\u00a0<\/em>turned lower against the dollar while\u00a0euro\u00a0<\/em>climbed, and both currencies are moving lower currently. The Stoxx Europe 600 index gained 0.7%. The\u00a0DAX 30\u00a0<\/em>added 0.6% to 12842.91 and France\u2019s\u00a0CAC 40<\/em>ended 0.4% higher. UK\u2019s\u00a0FTSE 100\u00a0<\/a>rose 0.7% to 7737.43. Indices opened 0.3% – 0.8% higher today.<\/p>\n

\n
\n

The Pound fell after report UK factory output contraction accelerated from 0.1% over month in March to 1.4% in April. The slowing of UK manufacturing makes it less likely the Bank of England will hike interest rates again this year.<\/p>\n<\/div>\n<\/div>\n

\n
\n

Asian indices advance<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are rising today as President Trump and North Korean leader Kim Jong Un signed a \u2018comprehensive\u2019 deal in Singapore aimed at the denuclearization of the Korean peninsula.\u00a0Nikkei\u00a0<\/em>rose 0.3% to 22878.35 as yen slide against the dollar slowed. Chinese stocks are rising: the\u00a0Shanghai Composite Index\u00a0<\/em>is up 0.9% and Hong Kong\u2019s\u00a0Hang Seng\u00a0<\/em>Index is 0.3% higher. Australia\u2019s All Ordinaries Index added 0.2% despite the Australian dollar\u2019s continued rise against the US dollar.<\/p>\n

\"NIKKEI\"<\/p>\n

\n
\n

Brent\u00a0<\/a>up<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices\u00a0<\/b>are rising today. Prices ended flat Monday as reports Saudi Arabia and Russia increased output offset supply concerns about Iran and Venezuela. August Brent crude settled unchanged at $76.46 a barrel on Monday.<\/p>\n

Market Analysis provided by IFCMarkets<\/a><\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

Note:
\nThis overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or \u0430 recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.<\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Consumer staples lead US stocks advance US stock markets\u00a0extended gains Monday led by consumer staples shares. The\u00a0S&P 500\u00a0gained 0.1% to 2782 with eight of its 11 sectors finishing higher.\u00a0Dow Jones\u00a0industrial advanced less than 0.1% to 25322.31. The\u00a0Nasdaq\u00a0composite index rose 0.2% to record high 7659.93. The dollar strengthening continued:\u00a0live dollar index\u00a0data show the ICE […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-128311","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=128311"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128311\/revisions"}],"predecessor-version":[{"id":128315,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128311\/revisions\/128315"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=128311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=128311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=128311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}