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Britain’s private sector shrank in November, as the ongoing Brexit uncertainty hurts the country’s dominant services sector.
That’s according to data firm Markit, which says its services PMI slumped to 49.3 last month. That’s down from October’s 50, which showed stagnation.
Bloomberg is reporting that Washington and Beijing are making progress towards a trade deal.
The U.S. and China are moving closer to agreeing on the amount of tariffs that would be rolled back in a phase-one trade deal despite tensions over Hong Kong and Xinjiang, people familiar with the talks said, Bloomberg News reports.