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Stocks pressured by report on Trump probe, Fed hike, soft U.S. data

Reuters  |  TOKYO 

By Hideyuki SanoTOKYO (Reuters) - U.S. stock futures dipped and Asian shares were on the defensive on Thursday after a media report that U.S. President Donald Trump is being investigated by a special counsel for possible obstruction of justice.Investors' appetite for riskier assets was also dampened by soft U.S. data and after the Federal Reserve raised interest rates as expected and gave its first clear outline on its plan to reduce its $4.2-trillion bond portfolio.Weak inflation readings, in particular, cast doubt on the Fed's view that the economy is continuing to strengthen.S&P mini ...

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First Published: Thu, June 15 2017. 05:57 IST