Global stocks rose Wednesday as investors awaited an expected interest rate increase from the Federal Reserve and looked for hints of further hikes this year. U.S. shares were set to edge higher, with Dow futures up 0.1 percent and S&P 500 futures 0.2 percent higher. Investors expect the central bank to raise its benchmark rate by a quarter of a percentage point to a range of 1.75-2 percent. Attention will focus more on how many additional rate hikes Fed officials may do this year. Trump surprised both the Pentagon and the South Korean military by promising to end U.S. military exercises with South Korea.

Source: ABC News June 13, 2018 03:43 UTC