USA stocks mostly higher

ECB calls halt to quantitative easing, despite 'soft' euro

Analysts said that although the expected announcement would probably not be a total surprise to markets - an initial list was released by Washington a few months ago - it would still make investors concerned that the window for averting a trade war may be closing.

The dollar slipped against its global peers Friday and global stocks fell as the USA slapped new tariffs on Chinese goods, reviving the markets fears of an escalating trade war, dealers said.

President of the European Central Bank Mario Draghi listens during the news conference following the meeting of the Governing Council of the European Central Bank in Riga, Latvia June 14, 2018.

In a rare merging of the sports and trading worlds, markets are gearing up for soccer's World Cup in Russian Federation, where time zone differences mean more matches during European, US and Latin American trading hours than any previous tournament. These opposing views should see interest rates diverging more between the two most powerful central banks in the US's favor, which should continue to lend support to the dollar.

Investors, though, seized on comments indicating that interest rates would stay at record lows at least through the summer of 2019. US officials say the tariff hike targets goods that might benefit from Chinese theft of technology or pressure on foreign companies to hand it over in exchange for market access.

North Korean Defector Opens Up About Trump-Kim Summit
A president saluting USA service members is not unheard of, even as former President Barack Obama once did with a cup of coffee . Vladimir Putin was delivered a handwritten note by Kim Jong-un by a North Korean official during a meeting earlier today.

"The ECB has made it clear that it does not want quick rate hikes, although it now considers progress towards the inflation target as "substantial".

While inflation has remained weak, higher oil prices, increasingly evident wage pressures and record employment suggest that prices will be moving up in the coming years, even if more slowly than the European Central Bank had originally hoped.

Sterling was 0.16 percent higher at $1.3282.

The Dow Jones Industrial Average fell 49.71 points, or 0.2 percent, to 25,151.49, but the S&P 500 gained 4.48 points, or 0.16 percent, to 2,780.11 and the Nasdaq Composite added 50.68 points, or 0.66 percent, to 7,746.38.

The Bank of Japan left monetary policy unchanged at its meeting on Friday.

Meghan Markle and Queen Elizabeth make their first appearance as a twosome!
Speaking to Grazia she said that after Your Majesty: 'it is Ma'am, thrown into conversation as many times as possible'. Last week everyone was cross with Meghan Markle for breaking protocol and baring her shoulders at a royal engagement .

Central banks put a range of quantitative easing programs into action following the global financial crisis.

"I think the biggest concern at the moment, more than talk about trade, is the tightening of monetary conditions in emerging markets caused by a stronger dollar", said Michael Hewson, chief markets analyst at CMC Markets in London, noting the Federal Reserve's forecast for a total of four interest rate rises in 2018.

Oil prices, meanwhile, fell sharply a week before a crunch meeting of OPEC and its allies who are to decide whether to extend a production cut agreement that has been in force since the end of 2016.

OIL: Benchmark U.S. crude lost 20 cents to $66.69 per barrel in electronic trading on the New York Mercantile Exchange.

Angela Merkel on Trump’s G7 show: It’s ‘depressing’
A Madawaska, Maine, mill pumps pulp from the Canadian side of the border to be made into paper on the U.S. side. Merkel suggested the tensions with Washington would continue to fuel a reappraisal of Europe's security needs.

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