US Fed, Bank of Japan to Dominate Market Moves this Week (News: 14/06/16)
Today’s Press
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Retail Sales Rise More Than Forecast as U.S. Consumers Spend
The 0.5 percent increase in purchases followed a 1.3 percent jump the previous month that was the biggest gain in a year, Commerce Department figures showed Tuesday in Washington. The median forecast of 81 economists surveyed by Bloomberg projected a 0.3 percent advance. Excluding purchases of autos and gasoline, sales climbed 0.3 percent.
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US Fed, Bank of Japan to dominate market moves this week
Two key central bank decisions sit at the top of investors’ radar this week, after renewed global growth concerns saw U.S. stocks sell off on Friday while benchmark yields fell to record lows.
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Stock futures fall with Fed meeting, “Brexit” concerns in the spotlight
U.S. stock futures sagged Tuesday, indicating Wall Street could face a fourth straight loss, as investors remained on edge over a Federal Reserve policy meeting and the upcoming U.K. vote on membership of the European Union.
Next Trading Day’s Important Events
- 21:00 (GMT+3) Fed Interest Rate Decision
- 21:30 (GMT+3) Fed Monetary Policy Statement
Forex Quotes:
- USDJPY: 105.87
- EURUSD: 1.1235
Indices:
- S&P 500: 2,079.06
- NASDAQ : 4,848.44
Source:: US Fed, Bank of Japan to Dominate Market Moves this Week (News: 14/06/16)