Daily market review – June 15th 2017


The trading on Wall Street closed in a mixed trend yesterday after the Federal Reserve announced its interest rate hike by 0.25% to 1% -1.25%.
The Dow Jones rose by 0.2% to a record level 21,374.56 points led by Goldman Sachs (226.51 + 1.03%) and Home Depot (156.76 + 1.8%).
The Federal Reserve announced that it plans to begin reducing the balance sheet in 2017 according to developments in the US economy.

The Asian stocks are trading this morning at a drop in prices after the US interest rate hike yesterday,.
Tokyo fell by 0.3%, Hong Kong is losing 1%, Shanghai is down by 0.1%, Singapore and Seoul are down 0.6%.

Sydney is down 1.2% despite good employment figures, indicating a decline in unemployment to 5.5% in May from 5.7% in the previous month.
New Zealand’s economy grew by 0.5% in the first quarter of 2017 and by 2.5% in the last 12 months to April.

The Japanese yen traded flat against the US dollar at 109.6 yen to the dollar.


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