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What Me Worry?

Daily Recap

It was another mostly calm day, with world equity markets tending towards the green (up) side. Investors seem to have accepted the fact that shockingly low energy prices aren’t a sign of economic trouble, and if anything are perhaps a boon that lowers costs. Meanwhile, the uncomfortable secrecy behind the Republicans’ new health proposal is about to end, with a sense of some optimism on its passage. President Trump added to a positive outlook with an executive order that would reduce drug industry regulations. Positive economic news didn’t hurt either, such as a 0.3% gain in May’s leading economic indicators, and a strong unemployment report.

 

Asian markets were mixed, with the Asia Dow adding 0.52% and Australian shares benefiting from higher commodity prices. The STOXX 600 in Europe ended with a teensy 0.01% gain, with major exchanges there about evenly mixed between higher and lower prices. In the Americas, Brazil and ... Log in or subscribe to continue reading.


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