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  • Editor’s Picks / 51 minutes ago

    China's nonmanufacturing PMI get a Single's Day boost

    Nikkei Asian Review
    Single's Day sales helped lift a key gauge of Chinese nonmanufacturing sector to a four-month high in November, while the manufacturing index fell to lows not seen in more than three years. The manufacturing PMI fell to 49.6, its lowest since August 2012. Meanwhile, the nonmanufacturing PMI rose 0.5 to 53.6, and the service industry jumped 0.5 from October to 52.8. Single's Day provided the tailwind for the surge. "Thanks to the Double 11 sales promotions, segments of the logistics industry such as delivery services, storage and distribution saw gains," said Zhao Qinghe, senior analyst at the National Bureau of Statistics. E-tailing giant Alibaba was a big winner in the Singles' Day shopathon, which gets more frenzied by the year.
    Read article on Nikkei Asian Review
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  • Editor’s Picks / 2 hours ago

    Could Paris climate talks spell the end for coal?

    Crucial climate talks kicked off in Paris this week, with heads of state and negotiators from 195 countries arriving in France with the stated aim of striking a deal on cutting global carbon emissions and limiting global warming. Talks will focus on an agreement that could limit global warming to 2 degrees Celsius or lower, with current international policies viewed as insufficient to do so. Fossil fuels – those that derive from the fossils of once-living organisms, including coal, oil and natural gas – produce high percentages of carbon, contributing to carbon dioxide (CO2) emissions. Of the fossil fuels, coal is by far the biggest culprit.
    Read article on CNBC
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  • Calendar event / 2 hours ago

    AU GDP

    High GDP, Q/Q%
    Med GDP, Y/Y%
  • 3h
    John Shaw John  Shaw
    Thanks Mike.
    Go figure. Nervous times ? .............. the Greenback is the best bet in town.
    Welcome to the Casino.