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Asian Market Update: China, Japan Services PMI Soften, Australia Trade Deficit Widens

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Dec 3, 2015.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    Stronger than expected ADP jobs data and fairly hawkish commentary from Fed Chair Yellen have largely undone the damage inflicted on Fed liftoff expectations by yesterday's soft ISM, sending US stocks lower, but Asia region remains unperturbed. Shanghai Composite is outperforming despite the softer services PMI, while ASX is lagging[​IMG]

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