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14 June 2017
 |
| European shares (The Total Investment & Insurance Solutions) |
European shares gained Wednesday following Wall Street's tech-driven
rise and as investors positioned for an anticipated rate hike from the U.S.
Federal Reserve.The Total Investment
& Insurance Solutions
KEEPING SCORE: In Europe, France's CAC-40 was
up 0.7 percent at 5,297 while Germany's DAX advanced 1.1 percent at 12,908.
London's FTSE 100 rose 0.5 percent to 7,541. Wall Street was poised for a
steady opening with Dow futures and the broader S&P 500 futures up 0.1
percent.
WALL STREET: On Tuesday, U.S. stocks bounced
back to record highs as investors brought an end to a two-day drop for
technology companies. Energy and consumer-focused companies also made outsize
gains. The Total Investment &
Insurance Solutions
FED WATCH: The Fed ends a two-day policy
meeting later, and investors expect the central bank to raise interest rates
for the third time since December. They also are watching for the Fed's latest
views on inflation and hints on how aggressive it will be in raising interest
rates in the future.
ANALYST TAKE: "The backdrop to the Fed's
policy announcement later today is one where US equity markets moved to record
highs yesterday, shrugging off last Friday's sell off in the tech sector,"
said Neil MacKinnon, global macro strategist at VTB Capital.
ASIA'S DAY: The Shanghai Composite Index lost
0.7 percent to 3,130.67 and Tokyo's Nikkei 225 retreated 0.1 percent to
19,883.52. Hong Kong's Hang Seng Index advanced 0.1 percent and Seoul's Kospi
retreated 0.1 percent to 2,372.64. Sydney's S&P ASX 200 rose 1.1 percent to
5,833.90 and India's Sensex added 0.2 percent to 31,178.84. The Total Investment & Insurance
Solutions
ENERGY: Benchmark U.S. crude fell 37 cents to
$46.08 per barrel in electronic trading on the New York Mercantile Exchange. Brent
crude, used to price international oils, shed 27 cents to $48.45 in London.
CURRENCY: The euro was flat at $1.12 while
the dollar rose 0.2 percent to 110.31 yen.The Total Investment & Insurance Solutions
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