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Traders waiting for the Fed's 'moment of truth' are sending global stocks higher

on 6/18/2019
  • Stocks rose on Tuesday as traders waited for signs from the Federal Reserve that it will cut interest rates.
  • While the Federal Open Market Committee isn't expected to announce an immediate cut, it could signal its intention to lower rates later this year.
  • A sharp decline in the Empire State Manufacturing Survey raised hopes the central bank would take action to boost the US economy.
  • View Markets Insider's homepage for more stories.
  • Asian indexes climbed with the Shanghai Composite up 0.1%, the SZSE Component up 0.3%, and Hong Kong's Hang Seng up 1%.
  • European equities rose with the Euro Stoxx 50 and Britain's FTSE 100 up 0.4%, and Germany's DAX up 0.2%. Shares in Siltronic slumped 10% after the German wafer-maker warned the US-China trade war has been weighing on sales.
  • US stocks are set to open higher. The futures underlying the Dow Jones Industrial Average and S&P 500 were up 0.2%, while Nasdaq futures were up about 0.4%.
  • Crude oil prices dipped with West Texas Intermediate down 0.1% at $52.10, and Brent crude down 0.3% at $60.80.
  • Bitcoin was down 0.5% at $9,153. The cryptocurrency briefly passed the $9,400 mark on Monday, a 13-month high.

Full "The Business Insider: The Money Game" article

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