International News (Issue 361) – 24 July 2015

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It was more broadly a quiet week internationally, with corporate earnings reports dominating attention particularly in the US and Europe.

 

Amongst a heap of US reporters, Amazon.com stands out with its 17% jump post strong profits on Thursday night – AMZN is a US$220bn company, meaning that the 17% jump in its share price adds the equivalent of a company the size of Wesfarmers (WES) in its value!

 

Today China’s July manufacturing data was pre-released, and the report was frankly disappointing and indicative of China’s industrial economy being as weak as it has been at any point in the past 3 years.

By | 2015-07-24T16:21:46+11:00 July 24th, 2015|International News, Weekly Market Update|0 Comments

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