• MTS Futures News_AM_20160614

    14 Jun 2016 | SET News

* DJIA Today: Fed in Focus as the Brexit Vote Approaches; Oil Slides Again

DOWJONES: 17,732.48; -132.86; -0.74%

S&P 500: 2,079.06; -17.01; -0.81%

Nasdaq: 4,848.44; -46.11; -0.94%

First up, traders are playing a game of wait-and-see with the Federal Reserve. The U.S. central bank is set to meet tomorrow to discuss the timing of the next interest rate hike and to discuss monetary policy and the U.S. economy. Investors foresee little chance of the central bank raising interest rates this week as concerns about a potential Brexit weighs on nerves. Here is what to watch ahead of tomorrow's FOMC meeting and how you can profit.

Oil prices slid yet again on Monday as investors grow increasingly wary of macroeconomic problems. With British voters heading to the polls next week to discuss a potential departure from the European Union.

Asian stocks slipped on Tuesday amid growing worries this month's referendum in Britain could see it exit the European Union, while markets were also nervous ahead of the U.S. Federal Reserve's two-day meeting that begins later in the day.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.4 percent in early trade, after Wall Street lost ground for the third straight session.

Japan's Nikkei stock index .N225 slipped to two-month lows in choppy trade, and was off 0.2 percent after tumbling 3.5 percent on Monday.


Reference: Money Morning, Reuters

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