More Trouble for Aussie Economy

01.12.2016 • Politics and War

By Kris Sayce – Port Phillips Insider (Australia) –

It’s piling up.

By ‘it’s’, we mean trouble.

Business investment down. Economy on the edge of recession. Housing market on verge of collapse.

You see — trouble.

Then again, we’ve said that for a while — eight years to be precise. So what makes now any different?

We’ll opine on that for you shortly. So please, do stick around. First…

Markets

Overnight, the Dow Jones Industrial Average gained 1.98 points, or 0.01%.

The S&P 500 fell 5.85 points, or 0.27%.

In Europe, the Euro Stoxx 50 index added 13.19 points, for a 0.43% gain. Meanwhile, the FTSE 100 gained 0.17%, and Germany’s DAX index added 0.19%.

In Asian markets, Japan’s Nikkei 225 index is up 367.06 points, or 22%. China’s CSI 300 is up 0.62%.

In Australia, the S&P/ASX 200 is up 52.13 points, or 0.96%.

On the commodities markets, West Texas Intermediate crude oil is trading for US$49.81 per barrel. Brent crude is US$52.31 per barrel.

Gold is US$1,170.30 (AU$1,580.59) per troy ounce. Silver is US$16.42 (AU$22.17) per troy ounce.

The Aussie dollar is worth 74.04 US cents.

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