Global Stocks Stall as Fed, ECB Overtake Geopolitics in Risk-Filled Week

June 13
19:04 2018

U.S. dollar gains amid increased bets on Fed tightening, but December rate hike probability remains evenly split. Wall Street futures point to mixed open, but Nasdaq could test new record highs. Global stocks traded cautiously Wednesday, with U.S. equity futures pointing to modest gains on Wall Street, as investors switched focused from geo-political and trade risks to more narrow concerns linked to monetary policy ahead of today’s Federal Reserve rate decision and tomorrow’s potentially game-changing meeting of the European Central Bank.

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