The Only Two Laws You Need Could Fit on a Post-It Note

05.07.2016 • The Economy

From Port Phillip Insider (Australia)-

I’ve been away for a week.

Did anything happen while I was gone?


You won’t mind if I take a few minutes to get up to date. Meanwhile, an interlude…


Overnight, the US markets were closed in observance of Independence Day.

Not so the Canadian market. Its national holiday was last Friday. So, overnight, the Canadian S&P/TSX Composite index was up 194.33 points, or 1.38%.

In Europe, the Euro Stoxx 50 index fell 20.85 points, or 0.72%. Meanwhile, the FTSE 100 index fell 0.84%, and Germany’s DAX index lost 0.69%.

In Asian markets, the Nikkei 225 index is down 112.43 points, or 0.71%. China’s CSI 300 index is up 0.03%.

In Australia, the S&P/ASX 200 index is down 47.88 points, or 0.91%.

On the commodities markets, West Texas Intermediate crude oil is trading for US$48.27 per barrel. Brent crude is US$49.62 per barrel.

Gold is trading for US$1,346 per ounce. In Aussie dollars, it’s at AU$1,787 per ounce. Silver is trading for US$19.98 (AU$26.56) per ounce.

The Aussie dollar is worth 75.21 US cents.

Little hope

So, which do you want first?

Your editor’s take on Brexit? Or your editor’s take on the Aussie election?

After reading about Brexit every day for more than a week, your editor’s pea-brain has soaked up about as much Brexit-related mush as it can take.

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