Page 53 - June 23, 2017

Groton Daily Independent
Friday, June 23, 2017 ~ Vol. 24 - No. 344 ~ 53 of 54
20 cents to $45.42 per barrel.
QUOTEWORTHY: “Falling oil prices continue to temper sentiment in global macro markets,” said Stephen
Innes, senior trader at OANDA. “While the Nervous Nellies take solace as oil prices based overnight, don’t get too comfortable as the oil patch narrative will likely be the primary catalyst in the coming months.”
CHINA CLAMPDOWN: Mainland shares uctuated as of cials tightened up on some companies. Authorities ordered three popular internet services, including Sina Weibo, to stop streaming video after they violated censorship rules on sensitive issues. Adding to the pessimism, reports in the South China Morning Post newspaper and nancial magazine Caixin on Thursday said the banking regulator is tightening up scrutiny of companies behind a wave of recent overseas acquisitions by ordering banks to check credit-risk expo- sure to Wanda, Fosun, Anbang and HNA.
EUROPEAN GROWTH: A monthly survey revealed that economic activity in the 19-country Eurozone slipped to a ve-month low in June. However, the IHS Markit composite purchasing managers’ index re- mained well into positive territory, with job creation and business con dence still strong.
MEDICAL SHARES: U.S. health care stocks rallied after the Senate unveiled its proposal to revamp how Americans get medical care. Investors were betting that overseas companies could also bene t from the bill, with Australian bionic ear maker Cochlear up 1.1 percent and blood plasma maker CSL up 1.7 percent.
CURRENCIES: The dollar slipped to 111.24 yen from 111.32 yen in late trading Thursday. The euro rose to $1.1181 from $1.1154.
Today in History By The Associated Press.
Today in History
Today is Friday, June 23, the 174th day of 2017. There are 191 days left in the year.
Today’s Highlights in History:
On June 23, 1967, President Lyndon B. Johnson, Soviet Premier Alexei Kosygin (ah-LEK’-say koh-SEE’-
gihn) and their advisers opened a three-day summit at Glassboro State College in New Jersey. The U.S. Senate voted 92-5 to censure Democrat Thomas J. Dodd of Connecticut for diverting campaign money to his personal use.
On this date:
In 1314, during the First War of Scottish Independence, the two-day Battle of Bannockburn, resulting in victory for the forces of Robert the Bruce over the army of King Edward II, began near Stirling.
In 1537, Spanish explorer Pedro de Mendoza, the founder of Buenos Aires, died aboard his ship while heading back to Spain.
In 1757, forces of the East India Company led by Robert Clive won the Battle of Plassey, which effectively marked the beginning of British colonial rule in India.
In 1892, the Democratic national convention in Chicago nominated former President Grover Cleveland on the rst ballot.
In 1904, President Theodore Roosevelt was nominated for a second term of of ce at the Republican national convention in Chicago.
In 1931, aviators Wiley Post and Harold Gatty took off from New York on a round-the-world ight that lasted eight days and 15 hours.
In 1947, the Senate joined the House in overriding President Harry S. Truman’s veto of the Taft-Hartley Act, designed to limit the power of organized labor.
In 1950, Northwest Orient Airlines Flight 2501, a DC-4, crashed into Lake Michigan with the loss of all 58 people on board.
In 1969, Warren E. Burger was sworn in as chief justice of the United States by the man he was suc- ceeding, Earl Warren.
In 1972, President Richard Nixon and White House chief of staff H.R. Haldeman discussed using the CIA to obstruct the FBI’s Watergate investigation. (Revelation of the tape recording of this conversation