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Australia Building Approvals Slide In October

The total number of building approvals issued in Australia was down a seasonally adjusted 1.5 percent on month in October, the Australian Bureau of Statistics said on Monday – coming in at 17,070. That was in line with expectations following the 3.3 percent increase in September. On a yearly basis, approvals tumbled 13.4 percent –…

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China Manufacturing PMI Inches Higher In November – Caixin

The manufacturing sector in China accelerated slightly in November, the latest survey from Caixin revealed on Monday with a manufacturing PMI score of 50.2. That exceeded expectations for a score of 50.1, which would have been unchanged from the October reading. It also moved slightly further above the boom-or-bust line of 50 that separates expansion…

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Oil Prices Fall On Demand Worries

Oil prices resumed declines on Friday amid worries about falling demand after China reported its weakest factory growth in more than two years. Global benchmark Brent crude dropped 0.88 percent to $59.38 per barrel while U.S. West Texas Intermediate (WTI) crude futures were down 1.46 percent at $50.70 per barrel. China’s manufacturing PMI stood at…

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Eurozone Jobless Rate Unchanged Near Decade-low

Eurozone’s unemployment rate remained unchanged at its lowest level in nearly 10 years for a third straight month in October, preliminary figures from the Eurostat showed on Friday. The seasonally adjusted jobless rate was 3.1 percent in October, where it has been since July. Economists had expected the figure to ease slightly to 8 percent.…

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Euro Little Changed After Eurozone Jobless Rate, CPI

Following the release of Eurozone jobless rate for October and consumer inflation for November at 5:00 am ET Friday, the euro changed little against its major counterparts. The euro was trading at 1.1371 against the greenback, 129.06 against the yen, 0.8910 against the pound and 1.1328 against the franc around 5:02 am ET. The material…