As China wakes up to the fact that zero-COVID is unsustainable, authorities are preparing for when its population will have to live with the virus like the rest of the world.Local: CoreLogic dwelling prices November at 5am AEDT, third-quarter private capex at 11.30am AEDTOverseas data: Novemberm anufacturing PMIs for China , Japan , Eurozone , UK , US ; Eurozone October unemployment rate; US October personal income, spending and PCE Core, Construction spending OctoberAUD +0.9% to 67.
When measured from the income side, the economy grew at a 0.3 per cent rate. Gross domestic income had contracted at a 0.8 per cent pace in the second quarter. In principle, GDP and GDI should be equal, but in practice diverge as they are estimated using different and largely independent source data.
China-exposed luxury stocks were among the biggest boosts to the STOXX 600 on Wednesday, followed by auto and commodity, stocks.OPEC oil output has fallen in November, led by top exporter Saudi Arabia and other Gulf members, after the wider OPEC+ alliance pledged steep output cuts to support the market amid a worsening economic outlook, a Reuters survey found.
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