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Factory activity in China just grew at its fastest pace in over two years
China’s official manufacturing and non-manufacturing purchasing managers indices (PMI) for October have just been released, and they’ve both beaten expectations.The manufacturing PMI came in at 51.2,...
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It's not just the Chinese government saying factory activity is improving
Confirming the strength in the government’s official figures, activity levels for small and medium-sized manufacturing firms in China improved at the fastest pace in over two years in October,...
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US stock futures are ripping higher in Asia after the FBI cleared Clinton again
It looks like the longest losing streak for US stocks since the 1980s might be about to end, at least according to the early price action in futures trade in Asia.As shown in the chart below, US...
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This barometer of who markets think will win the US election just logged its...
In terms of who traders think will win the US election, there are fewer purer forms in financial markets than the Mexican peso-Japanese yen cross, or MXN/JPY.The peso is highly sensitive to the outcome...
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China's trade performance remained weak in October
Chinese trade data missed to the downside in October with the value of exports and imports both undershooting expectations, at least in US dollar terms.According to China’s Customs Bureau, the value of...
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An Australian is leading a startup valued at $1.5 billion, but no one is sure...
Not much is secret in the Silicon Valley startup scene, but one venture led by an Australian has shocked with a $1.55 billion valuation — while still in stealth mode.Zoox, a mysterious company...
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Trump's surge in the US election count brought carnage to Asian markets
What started with an optimistic tone quickly turned to fear on Asian markets as the count in the US presidential swung in favour towards Republican presidential nominee Donald Trump.It now looks like...
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'WTF': One of Australia's biggest newspapers has reacted to Trump's shock win
Sydney’s Daily Telegraph, owned by Rupert Murdoch’s News Corp, is known for its general social conservatism and its ability to consistently channel the feelings of its readers onto its front page.The...
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Investors in Asia now believe Trump's going to be great for markets
What a difference a day, or even less, makes.After thinking that he would send the global economy to hell in a hand basket on Wednesday, investors across Asia are now euphoric over the election of...
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Japan's GDP smashed expectations
Japanese economic growth easily topped expectations in the September quarter according to preliminary figures released by the government on Monday.The economy expanded at a seasonally adjusted annual...
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If the Fed hikes rates next month, history says the US dollar will charge higher
If the US Federal Reserve hikes interest rates next month — and it looks a good chance despite some of the recent financial market volatility — history says that it will bode well for the US dollar.As...
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The dollar is looking like a beast right now
The US dollar is looking like a beast right now.It’s flying, surging higher against the euro and the yen as US bond yields continue to ratchet higher.Even without specific details, traders are putting...
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Here's the credit rating for every country in the world, courtesy of Moody's
Here’s the current long-term credit rating of every nation covered by Moody’s Investor Services.It even includes which ratings are on positive watch, laying the foundation for a potential upgrade, and...
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'Thunderstorm asthma': Two die and thousands fall sick as freak phenomenon...
A major storm that hit Melbourne on Monday night appears to have caused a mass outbreak of an illness known as “thunderstorm asthma”.The Age reports that an unprecedented number of people fell acutely...
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DEUTSCHE BANK: The rotation from bonds to stocks is just getting started
Donald Trump has had an immediate and positive impact on financial markets since winning the US election a fortnight ago.It’s an outcome that few expected based on recent commentary to the...
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Twitter boss Jack Dorsey had his account suspended by 'mistake'
Twitter co-founder Jack Dorsey found out today how Breitbart technology editor and notorious right wing troll Milo Yiannopoulos must feel today after his account was suspended. While Twitter is facing...
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How Goldman Sachs expects emerging market economies will fare in 2017
It’s going to be an interesting year ahead for emerging market economies in the wake of Donald Trump being elected as the next president of the United States.What will it mean for growth, monetary...
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2 major Australian banks face millions in fines over claims of cartel...
Australia’s competition regulator has taken the ANZ and Macquarie banks to court, claiming traders at the institutions colluded in attempts to manipulate the exchange rate for the Malaysian ringgit.The...
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How a 7-metre wave of sticky molasses may have killed 21 people in 1919
“Slow as molasses in January” is an old saying you won’t hear much in Australia.Not because we don’t have a lot of use for sticky syrup in its raw form; more because the phrase refers to the middle of...
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China's manufacturing sector hasn't looked this good in over 2 years
China’s manufacturing sector is humming right now.The government’s latest purchasing managers index (PMI) jumped to a more than two-year high of 51.7 in November.The figure was higher than the 51.2...
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