Ed Ponsi, Managing Director of Barchetta Capital Management compares the Fed's communication and moves to Pearl Jam hits like Even Flow.» Read More
*'Big Four' China banks lackluster despite higher state stakes. HONG KONG, June 18- Hong Kong shares slipped after two days of gains with investors selling recent outperformers and turnover low as global markets brace for this week's U.S.
*Copper falls on concerns over Fed stimulus. SINGAPORE, June 18- London copper eased for a second straight session on Tuesday, with investors cautious as they wait for more clues on the outlook for U.S. stimulus at a two-day Federal Reserve meeting starting later in the day.
TOKYO, June 18- The U.S. dollar hovered above a two-month low against the yen on Tuesday but struggled to extend gains on worries the U.S. The Australian dollar slipped after the minutes of the Reserve Bank of Australia showed the bank thinks the currency remains high despite its recent steep decline and sees scope for further depreciation.
WASHINGTON, June 17- President Barack Obama hinted in an interview aired on Monday that he may be looking for a new chief of the U.S. Federal Reserve Bank, saying current Chairman Ben Bernanke has stayed a lot longer than he had originally planned.
*Market keeps an eye on standoff over Syria. SINGAPORE, June 18- Brent crude futures were barely changed around $105, holding not far off their strongest level in 10 weeks on mounting tensions in the Middle East, as investors remain cautious ahead of a Federal Reserve meeting.
SINGAPORE, June 18- London copper edged higher on Tuesday after a decline in the previous session, but trading remained cautious as investors awaited news on the Fed's stimulus programme from a two-day meeting starting later in the day. *Three-month copper on the London Metal Exchange rose 0.7 percent to $7,130.75 a tonne by 0102 GMT.
*MSCI Asia ex- Japan down 0.1 pct, Nikkei opens down 0.1 pct. Turbulence in global financial markets over the past month was triggered by Fed Chairman Ben Bernanke saying the Fed may decide on slowing its $85 billion monthly purchases of Treasuries and mortgage-backed securities in its next few meetings if the economy showed signs of improving.
*Gold subdued by equities rally on Wall Street. NEW YORK, June 17- Copper closed a touch lower on Monday on concerns the United States may scale back its monetary stimulus program, and oil prices fell after initially rising on fears of a superpower standoff over Syria and possible disruptions to Middle East crude supplies.
*Netflix, DreamWorks shares jump after deal on programs. *Terex tumbles after outlook, Time Warner falls on downgrade.
*Fed buys $5.51 billion in Treasuries due 2018-19.
NEW YORK, June 17- Brent crude oil futures touched a 10- week high close to $107 a barrel on Monday as tensions in the Middle East rose, but prices finished slightly lower on the day after a late sell-off in U.S. gasoline futures. Brent's premium over U.S. crude ended at $7.70, on the narrow end of the $7.50 to $10 range in which it has traded since early May.
The market has been dying for details on when the Fed plans to begin tapering its asset-purchase program — and the Fed may actually deliver this time.
NEW YORK/ LONDON, June 17- Gold fell around 0.5 percent in quiet trade on Monday as a Wall Street rally reduced the need for safe-haven buying and investors awaited this week's U.S.
*Netflix, DreamWorks jump after content deal. *Terex tumbles after outlook, TWC falls after downgrade. And since there are acceptable signs of growth in the economy, investors with a medium or longer-term horizon are happy to be buying in this environment, "said Jim McDonald, chief investment strategist at Chicago- based Northern Trust Global Investments.
*Dollar extends gains after Empire State, housing data. NEW YORK, June 17- The dollar climbed against the yen for the first time in five trading sessions on Monday, as stock markets rallied on expectations the Federal Reserve's policy announcement this week will reassure investors that monetary stimulus will remain in place.
If the big bull market in bonds is about to come to an end, somebody tell corporate America, and fast, as bond issuance has been at record levels through the year.
*India gold demand seen dropping but China resilient. NEW YORK/ LONDON, June 17- Gold fell about 0.5 percent on Monday as a Wall Street rally decreased the need for safe-haven buying, with investors awaiting this week's U.S.
CNBC's Steve Liesman offers insight on what investors might expect this week from the Fed's meeting.
The market isn't expecting the Federal Reserve to taper its quantitative easing anytime soon, Josh Brown of Fusion Analytics says.
*Copper stocks up 11,400 tonnes. LONDON, June 17- Copper dipped on Monday as the dollar firmed and inventories of the metal rose, but investors were cautious ahead of a U.S.