Jul 15, 2016 | Investment Advice

International News (Issue 408) – 15 July 2016

International News – 15 July 2016

As per the remarks above, the June Employment report in the US sparked the stronger equity market performance this week.

Added to the June service sector report, which showed the strongest rise in 8 years month-on-month, there seems reasonable evidence to suggest the US economy is now operating at near full capacity and capable of withstanding additional interest rate rises.

In Japan this week, investors were hopeful that the success of PM Shinzo Abe’s party in upper house elections might provide reason for renewed fiscal expansion. The Nikkei was the strongest index this week, rising 7%, and aided by relief from a weakening yen.

Also in Japan, perhaps more interestingly, tech giant Nintendo rose 40% this week after the runaway success of its Pokemon Go! Software application. I would urge you all to read one of the inevitable articles in the weekend press on the Pokemon Go! game, since this is widely seen as the first genuine commercial success in the ‘augmented reality’ space, which is a precursor to ‘virtual reality’.

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