China’s industrial profits dropped on-year in Nov

FXStreet (Mumbai) - The National Bureau of Statistics reported that the total profits of the Chinese industrial enterprises fell 1.4% in Nov from a year earlier, compared with 4.6% for last month, marking a sixth consecutive month of decline, as the pace of falling total profits of industrial enterprises slowed.

Total profits of industrial enterprises dropped 1.9% on year for the first 11 months, compared with 2% decrease for the last ten months.

Dec 28, 2015

EUR/JPY firmer, aiming for 1h 200-SMA

The cross in the EUR/JPY remains strongly bid in the mid-Asian trades, and continues to benefit from illiquid markets, with the euro extending last week’s gains versus the greenback.

UK facing Brexit risk: Should I stay or I go? - RBS

Ross Walker, Senior UK Economist at RBS, suggests that the UK government’s apparent preference for an early referendum – June 2016 has been mooted – seems consistent with its fairly modest and malleable demands for EU reform.