{"id":432330,"date":"2026-06-17T18:48:34","date_gmt":"2026-06-17T11:48:34","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/06\/investinglive-european-markets-wrap-calm-and-steady-awaiting-the-fed\/"},"modified":"2026-06-17T18:48:34","modified_gmt":"2026-06-17T11:48:34","slug":"investinglive-european-markets-wrap-calm-and-steady-awaiting-the-fed","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/06\/investinglive-european-markets-wrap-calm-and-steady-awaiting-the-fed\/","title":{"rendered":"investingLive European markets wrap: Calm and steady awaiting the Fed"},"content":{"rendered":"<div>\n<p>Headlines:<\/p>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/welcome-to-fed-day-20260617\/\">Welcome to Fed day<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/fed-preview-warsh-is-the-noise-the-board-is-the-signal-20260617\/\">Fed preview: Warsh is the noise, the Board is the signal<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/ecb-policymaker-simkus-sees-at-least-one-more-rate-hike-ahead-20260617\/\">ECB policymaker Simkus sees at least one more rate hike ahead<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/iea-sees-significant-overhang-in-oil-market-next-year-20260617\/\">IEA sees &#8216;significant overhang&#8217; in oil market next year<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/eurozone-may-final-cpi-32-vs-32-yy-prelim-20260617\/\">Euro area inflation accelerates in May as services inflation remains stubborn<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/uk-may-cpi-28-vs-30-yy-expected-20260617\/\">UK inflation holds flat in May but core prices nudge up a little<\/a><\/li>\n<\/ul>\n<p>Markets:<\/p>\n<ul>\n<li>WTI crude up 0.6% to $76.50<\/li>\n<li>USD mostly firmer, NZD lags on the day<\/li>\n<li>European stocks hold marginal gains, S&amp;P 500 futures up 0.1%<\/li>\n<li>US 10-year yields up 1.3 bps to 4.44%<\/li>\n<li>Gold down 0.1% to $4,326<\/li>\n<li>Bitcoin down 1.5% to $64,774<\/li>\n<\/ul>\n<p class=\"text-align-justify\">It was a relatively quiet session as we see a change of pace in markets, with a calmer mood following the US-Iran framework agreement earlier this week.<\/p>\n<p class=\"text-align-justify\">The deal is set to be signed on Friday and we&#8217;re still yet to see the final text but the details are more or less what you&#8217;d expect <a href=\"https:\/\/investinglive.com\/news\/here-is-what-the-us-iran-deal-looks-set-to-be-like-after-another-taco-moment-20260612\/\" target=\"_blank\" rel=\"follow\">here<\/a>.<\/p>\n<p class=\"text-align-justify\">Instead, the focus now turns to the FOMC meeting decision later today. It&#8217;s a bit refreshing to see markets pay more attention to something else other than US-Iran headlines for once.<\/p>\n<p class=\"text-align-justify\">This will be Kevin Warsh&#8217;s first meeting as Fed chair. As such, there will be a lot of eyes and ears fixed on the Fed press conference later. As for the rate decision, no changes are expected in terms of policy setting today.<\/p>\n<p class=\"text-align-justify\">The dollar is keeping steadier, holding slight gains on the day as the push and pull this week continues. EUR\/USD is down 0.2% to 1.1585 while USD\/JPY continues to keep in intervention zone around 160.30 on the day.<\/p>\n<p class=\"text-align-justify\">Meanwhile, equities are holding more tentative after the retreat in Wall Street yesterday on likely profit-taking. S&amp;P 500 futures are up just 0.1% but mostly flattish on the session with European indices also not really doing all too much.<\/p>\n<p class=\"text-align-justify\">In the commodities space, oil is up 0.6% to $76.50 after slumping hard in the past few sessions while gold is just marginally lower by 0.1% to $4,326 as traders lack any real conviction to run before the Fed decision today.<\/p>\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Headlines: Welcome to Fed day Fed preview: Warsh is the noise, the Board is the signal ECB policymaker Simkus sees at least one more rate hike ahead IEA sees &#8216;significant overhang&#8217; in&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-432330","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=432330"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432330\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=432330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=432330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=432330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}