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China manufacturing index slips in December

China's manufacturing growth slowed in December for the first time in six months, official figures showed on Wednesday. The purchasing managers' index (PMI) was at 51.0, down from November's 51.4, the National Bureau of Statistics said on its website. A reading above 50 signals expansion while a figure below indicates contraction. It marked the 15th straight month of expansion but it is the first time the figure has dipped from the previous month since June.

China manufacturing index slips in December

China's manufacturing growth slowed in December for the first time in six months, official figures showed on Wednesday. The purchasing managers' index (PMI) was at 51.0, down from November's 51.4, the National Bureau of Statistics said on its website. A reading above 50 signals expansion while a figure below indicates contraction. It marked the 15th straight month of expansion but it is the first time the figure has dipped from the previous month since June.

Loonie rises amid positive European data, greenback mixed ahead of Fed meeting

TORONTO - The Canadian dollar was higher Monday as commodity prices advanced amid strong U.S. and European factory data. The loonie rose 0.18 of a cent to 94.56 cents US with the greenback mixed against other currencies ahead of the U.S. Federal Reserve's meeting Wednesday when markets may find out if the central bank will start to taper its monthly US$85 billion of bond purchases.

Asian shares lower, Tokyo slides as yen bounces

Asian markets were mostly lower Monday as dealers bet that the US Federal Reserve will announce a cut in its stimulus programme at its policy meeting this week. The dollar slipped in Asia as investors adjusted positions before the meeting, while the yen strengthened. Despite a Bank of Japan survey of business confidence, which jumped to levels not seen since 2007, Tokyo closed down 1.62 percent, or 250.20 points, to 15,152.91. Sydney lost 0.17 percent, or 8.8 points, to end at 5,089.6 and Seoul was flat, edging down 1.76 points to 1,961.15.

US services sector grows slower in November

Activity in the US services sector continued to expand in November but at a slower pace than the previous month, the Institute for Supply Management said Wednesday. The ISM purchasing managers index for the services industry fell to 53.9 from 55.4 in October, putting it at its lowest level since June. Business activity, new orders and job creation all slowed last month even as the country pushed into the year-end holiday shopping and entertainment season. Prices continued to rise but at a much slower pace, the ISM said.

Business recovery eases in Nov as euro zone split deepens: PMI

By Jonathan Cable LONDON (Reuters) - The recovery in the euro zone private sector lost momentum in November, according to a survey on Wednesday that again highlighted the growing disparity between some of the bloc's biggest economies. Markit's November Eurozone Composite Purchasing Managers' Index (PMI), which monitors activity at thousands of firms across both the services and manufacturing industries, slipped to 51.7 from 51.9 in October.

2nd LD-Writethru: China's non-manufacturing PMI drops in November

BEIJING, Dec. 3 (Xinhua) -- The purchasing managers index (PMI) for China's non-manufacturing sector stood at 56 percent in November, down from 56.3 percent for October, according to official data released on Tuesday. A PMI reading above 50 percent indicates expansion, while a reading below 50 percent indicates contraction. The non-manufacturing PMI tracks service, construction, software, aviation, railway transport and real estate among other sectors, according to the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP).

1st LD: China's non-manufacturing PMI drops in November

BEIJING, Dec. 3 (Xinhua) -- The purchasing managers index (PMI) for China's non-manufacturing sector stood at 56 percent in November, down from 56.3 percent for October, according to official data released on Tuesday. A PMI reading above 50 percent indicates expansion, while a reading below 50 percent indicates contraction. The non-manufacturing PMI tracks service, construction, software, aviation, railway transport and real estate among other sectors, according to the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP).

China November official services PMI eases to 56 vs. 56.3 in October

BEIJING (Reuters) - China's official purchasing managers' index (PMI) for the non-manufacturing sector eased slightly to 56.0 in November from 56.3 in October, the National Bureau of Statistics (NBS) said on Tuesday, but still a sign of resilience in the world's second-largest economy as it pushes ahead with structural reforms. A reading above 50 indicates activity in the sector is accelerating, while one below 50 indicates it is slowing.

Oil prices edge higher after upbeat Chinese data

Oil prices rose in Asian trade Monday as dealers welcomed upbeat manufacturing data in China, the world's top energy consumer, analysts said. New York's main contract, West Texas Intermediate for January delivery, was up 47 cents at $93.19 in afternoon trade while Brent North Sea crude for January climbed 39 cents to $110.08. Official data Sunday showed China's manufacturing growth in November maintained its strong pace from the previous month to stay at a 19-month high.
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