Good Morning from a cold Melbourne winter’s day… Yes, the sun is not shining and yes, markets once again fell overnight (Dow down 107 points), leading into tonight’s FOMC meeting… Global markets are under pressure, as Greece negotiations remain “fragile” and worse than expected factory orders weigh on the USD. Dinosaurs stomped to a box office record over the weekend as Jurassic World notched the biggest movie debut in history, with a global total of $US524.1 million, Universal Pictures said on Monday. Maybe it’s time to invest in the movie industry? US Industrial Production - Chart.. weakness as USD jumps.. Here in Oz, markets are down ~ 10% from their 6,000 top following a sluggish growth outlook and uncertainty relating to bank’s regulations & soft commodity prices… We expect this to continue, leading into June 30… Commodities were mixed overnight with Crude Oil down 0.58% to $59.61/barrel, Gold up $6.50 to $1,185/oz. and the AUD/USD is higher today, at $0.7750 The SPI is pointing to a 6 point fall this morning
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