News Headline Summary

Chinese HSBC Services PMI (Nov) M/M 52.1 (Prev. 53.5)

Update details:

- 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.

Reaction details:

- 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.

Print 01:45, 05 Dec 2012 - Asian News - Source: Newswires