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.