U.S. BUSINESS ACTIVITY EXPANDED AT FASTEST RATE IN OVER FIVE YEARS IN NOVEMBER: IHS MARKIT

Highlights

• IHS Markit's manufacturing and services purchasing managers' indexes performed better than what was predicted by several polls

• While Reuters had forecasted that Markit’s manufacturing index would remain at 53, it jumped to 56.7 from 53.4 ...

BUSINESS ACTIVITY OF CHINA HIT 7-MONTH HIGH

Highlights:

• The business activity in China has surged to a 7-month high in June due to a boost in the recovery in the service sector. 
• Non-manufacturing purchase index of China has surged to 54.4 in June as compared to 53.6 in May. 
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