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6/14, 12:17 PM (Source: TeleTrader.com)
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Wall Street set to open lower ahead of ECB decision

Markets in the United States were set to open mostly lower on Thursday after the Federal Reserve hiked rates by a quarter percentage point and signaled two more increases for this year. Today, investors will shift their focus to the European Central Bank's interest rate decision and details about its asset purchase program. Policymakers are expected to lay out plans for the unwinding of its €2.4 trillion bond-buying program.

The Dow Jones Industrial Average was seen 0.05% above the flatline, the S&P 500 was expected to slip 0.04% in the red, while the Nasdaq 100 was seen losing 0.19% at the start of the session. Meanwhile, the euro gained 0.29% versus the dollar at 12:16 pm CET, buying 1.18258.

Breaking the News / JC