International News (Issue 447) – May 5th, 2017

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International News (Issue 447) – May 5th, 2017

It was a busy week internationally with eyes fixed on a marginal slowing in both Chinese and U.S economic growth.

Manufacturing surveys released in both countries this week pointed to a moderate deceleration month-on-month, but in China the concerns are slightly more elevated since the slowing in China seems to be stemming from tighter policy and the resultant impact on financial system liquidity.

In corporate profit terms Apple (AAPL) were a little disappointing, at the margin, but they tempered any disappointment with an increase in their capital return program.

Facebook (FB) interestingly posted some good figures, but did their best to warn investors that the social media platform was now near saturated in terms of its ability to offer additional advertising content to users without then impacting the user experience.

It’s interesting that FB themselves are flagging investors to be realistic on the recent rapid pace of revenue growth, and we could well look back in the months ahead that this was a clear catalyst for the stock and its peers to consolidate lower after their spectacular gains.

 

Wednesday Closing Values

Index Change %
U.S. S&P 500 2390 +1
London’s FTSE 7248 +11 +0.2%
Japan’s Nikkei 19446 +194 +1.0%
Hang Seng 24684 -14 -0.1%
China’s Shanghai 3127 -25 -0.8%

 

Disclaimer:

This information has been prepared by Primestock Securities Limited ABN 67 089 676 068, AFSL 239180 (“Prime”). Prime accepts no obligation to correct or update the information or opinions in it. This information does not take into account your objectives, financial situation or needs. Before acting on this information, you should consider whether it is appropriate to your situation. It is recommended that you obtain financial, legal and taxation advice before making any financial investment decision. Prime is bound by the Australian Privacy Principles for the handling of personal information.

 

 

 

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By | 2017-06-16T15:16:09+11:00 May 5th, 2017|International News|0 Comments

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