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Indices in the Asia-Pacific region are having a weaker session. Indices in China are losing about 0.10-0.50% despite good PMI data from the services sector.
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The Japanese Nikkei 225 index is trading 0.53% lower, Kospi is recording a loss of around 0.80%, while the Australian S&P ASX 200 is trading with little change.
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In the first part of today's session, among the strongest G10 currencies are the Australian dollar (AUD) and the New Zealand dollar (NZD). On the other hand, among the weakest currencies is the Japanese yen (JPY). The USDJPY pair is up 0.44% to 143,700.
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The Caixin PMI indicator for services in China turned out much better than expected. The actual data was 52.9 in December compared to the November reading of 51.5 and expectations of 51.6.
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Service activity in China increased at the fastest pace in five months, raising the level of optimism in the sector. These data contrast with the official survey conducted on Sunday by the NBS, which showed that the sub-index of service activity was 50.4.
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Final PMI data from Australia in December rebounded slightly but remained below analysts' expectations. The actual PMI data for services showed an increase to 47.1, against a forecast of 47.6 and 46.0 previously.
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The Japanese PMI for manufacturing was 47.9 in December against expectations of 47.7 and 48.3 the month before. According to reports, demand from key export customers from China, Europe, and North America, as well as from important sectors such as electronics, was lower.
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As reported by the Taiwanese Ministry of Defense, three Chinese spy balloons were spotted on Tuesday during a flight over the island of Taiwan near an airbase. This was the first such incident since a similar event last month when similar balloons were noted in the Taiwan Strait.
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Cryptocurrencies are rebounding after yesterday's weaker session. Bitcoin is trading again above 43,000 USD. Ethereum gains 1.30% to 2240 USD. Market sentiment improved after further reports of a possible decision as early as this Friday.
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Also, yesterday after the close of the session, the SEC held a meeting with exchanges where trading in potential Bitcoin ETFs is to take place.
Today, USDJPY is gaining 0.40%, continuing its dynamic rebound for the third consecutive session. Currently, the rate is approaching the key level of 145.000, which has repeatedly and effectively prevented bulls from rising. Source: xStation 5.
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