1 Dec: End of month profit talking sends stocks down. US$ unchanged. RBA Meeting, global Mfg PMIs ahead today. Fed’s Powell speaking later.

The US$ is marginally firmer on Tuesday, while stocks have given back 0.5%/1.5% on the last day of November, ending a month in which the major global indices have gained anywhere between 10%-17%. Month-end profit-taking and rebalancing of portfolios drove Monday's weakness, although there is little change in the longer…

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