Round-Up of the Financial News From Around the World

Investors pull back from record highs on Wall Street and adopt a defensive posture ahead of what could be a critical interest decision from the U.S. Federal Reserve.

Author:: TheStreet Staff
Publish date:: Jun 14, 2017 3:36 AM EDT

Here is your round-up of the financial news from around the world:

1. Investors pull back from record highs on Wall Street and adopt a defensive posture ahead of what could be a critical interest decision from the U.S. Federal Reserve

2. Global oil markets extended declines Wednesday as investors trimmed price expectations amid increasing signs that the current supply glut will continue to weigh on sentiment

3. The U.S. dollar is reflecting the Fed's stance over the rest of the year and has lost ground to a basket of six global currencies in Asia dealing to change hands at 96.91

4. Asia stocks were equally cautious, with the region-wide MSCI Asia ex-Japan index edging 0.12% higher thanks in part to solid economic data from China, which indicated steady growth in factory output and retail sales last month, challenging assumptions of a slowdown in the world's second-largest economy

5. Financial bookmakers IG are anticipating modest, single-digit declines for the major European indicies at the opening bell, although Britain's FTSE 100 is likely to track the pound closely, which remains firmer on the week after Tuesday's faster-than-expected May inflation reading of 2.9% from the Office for National Statistics

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This article was written by a staff member of TheStreet.