Reaction details (23:47)
- AUD/USD immediately moved lower by 7 pips from 1.0471 to 1.0464, trade 1.0466 (-4 pips)last.
- No immediate reaction observed either in Hang Seng or Shanghai Composite index.
Analysis details (23:51)
- Growth in China's services sector slowed in November as lucklustre growth in New Orders sub-index and a surge of recent hires reduced work backlogs.
- Despite the moderating growth of services activities in November, services providers hired more workers and became more optimistic on future outlook, according to HSBC's China chief economist.
04 Dec 2012 - 23:45 - - Source: Newswires
RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: