posted at 23:50
Author Name: Mike Bird
European Markets Open Dec 2 2014
Japan's Nikkei closed up 0.42%, and Hong Kong's Hang Seng is currently up 1.35%, making up a lot of the losses made on Monday. This year could be the worst for hedge fund closures since the financial crisis, Bloomberg reported. Hong Kong's Protest Leaders Are Telling Demonstrators To Give Up. The three original founders of Hong Kong's pro-democracy Occupy movement tearfully announced Tuesday they would "Surrender" by turning themselves into police and urged protesters still on the streets to retreat. The global banking industry has moved beyond recovery and regained overall profit for the first time since the financial crisis, although European lenders are still lagging far behind rivals, an industry study showed. Wages rose by only 0.5% in the year to October, well below inflation, even after stripping out the effect of April's sales tax increase. Honda and its two Chinese joint ventures sold 72,973 vehicles in China in November, down 12.1 percent from a year earlier, the Japanese automaker said on Tuesday. At 10 a.m. GMT, inflation seen by companies in October will be announced, with analysts expecting a 0.3% rise from September. The figure is an early indicator of how inflation might feed through to consumer prices.

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