need2know: Weak lead from Wall St

New home sales declined 8. 1 per cent in June, the biggest drop in almost a year. Amazon. com has posted a larger loss in the second quarter as its rapid pace of investment in new businesses such as digital content and same-day delivery offset revenue growth, sending its shares lower in after-hours trading.

Local shares are getting little direction from Wall Street, which has ended narrowly mixed on a day when better than expected earnings were offset by several key misses. • AUD at 94. 20 US cents, 95. 88 Japanese yen, 69. 94 Euro cents and 55. 44 British pence. • On Wall St, S&P 500 +0. • In Europe, Euro Stoxx 50 +0. 8%, FTSE +0. 3%, CAC +0. 8%, DAX +0. • Spot gold fell 0,9% to $US1292. • Brent oil down 0. 9% to $US107. • Iron ore slipped 0. 7% to $US93.

Read more here: SMH


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