6/13/2018, 12:36 PM (Source: TeleTrader)
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Wall Street seen higher as focus turns to Fed rate decision

The United States stock market index futures point to a higher start on Wednesday as investors focus on the upcoming decision by the Federal Reserve on whether to raise key interest rates for the second time this year. Market watchers will also pay close attention to what the US central bank has to say about the current state of the economy, as well as future monetary policy and further rate hikes. Meanwhile, US President Donald Trump landed back in the country after he traveled to Canada for the G7 summit and to Singapore to meet with North Korean leader Kim Jong-un. Trump claimed that as a result of his summit with Kim "there is no longer a nuclear threat from North Korea."

The Dow Jones is set to start 0.15% higher, while the Nasdaq 100 is expected to add 0.20% at the opening bell. Meanwhile, the S&P 500 is due to gain 0.17% at the start of the trading session.

The euro was 0.17% higher against the dollar, selling for 1.1766 at 12:35 pm CET.

Breaking the News / FH