U.S. equity futures traded higher Wednesday morning ahead of the Federal Reserve's decision on interest rates. The major futures indexes suggest a gain of 0.5% when the opening bell rings on Wall Street.
Ticker
Security
Last
Change
Change %
I:DJI
DOW JONES AVERAGES
30668.53
+303.70
+1.00%
SP500
S&P 500
3789.99
+54.51
+1.46%
I:COMP
NASDAQ COMPOSITE INDEX
11099.154529
+270.81
+2.50%
Fed Hike Rate, The Federal Reserve is expected to attempt to tame inflation on Wednesday with the first 75-basis point rate hike in close to three decades. It would lift the Funds rate to a range of 1.50%-1.75%.
Other economic reports expected include, retail sales for May, import & export prices, the Fed's Empire State Manufacturing Survey and the homebuilders' sentiment index
Commodities, Oil prices traded choppy, bouncing between gains and losses. WTI crude futures traded around $117 a barrel. Brent crude futures traded around $119 a barrel.
Treasury yield, The yield on the 10-year Treasury was at 3.40% Wednesday morning.
Bitcoin traded around $21,000, currently on an eight-day losing streak.
SPOT MARKET BY THE HOUR AS OF GMT 8:55 06-16-22
European Market, The investors' appetite is currently down with all Euro bourses negative across the board. London's FTSE declined by 1.42% to 7,170.26, Germany's DAX slide by 2.02% to 13,212.44 while France's CAC followed suit by 1.53% to 5,937.89.
Asia Market, Asian stocks The investors' sentiments are mixed. Tokyo's Nikkei 225 index decreased by 0.4% to 26,431.2, China's Shanghai increased by 0.61% to 3,285.38 while Hang Seng in Hong Kong also remained flat by 2.17% to 20,845.43.
Cryptocurrencies, at an intraday range of $21,584.89 by the hour and a maximum of $22,957.01 in 24 hours.
SOURCE: CNBC IMAGE SOURCE: PIXABAY Contributions from Fox Business