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Top Asia fund manager: This stock selloff is a time to buy – BBG

Alan Richardson, who oversees about $446 million for Samsung Asset Management Ltd. in Hong Kong, said in an interview with Bloomberg, the four-day decline in the Asian equity markets is nothing more than investors locking in profits before they close their books for the year. 

Richardson noted: “This is merely profit-taking before the year-end. This is an opportunity to accumulate good stocks for stronger growth in 2018. We are still in the early stage of a fundamental recovery.”

The region’s benchmark gauge has lost more than 2 percent in four straight days of declines.

UK: Inflation peaked? – ANZ

UK October CPI undershot expectations coming in unchanged at 3.0% y/y, with core dipping to 2.7% y/y, notes the research team at ANZ. Key Quotes “Of
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UK unemployment rate to stay at 4.3% - Danske Bank

In the UK, the labour market report for September is due to be released, where consensus is for an unchanged reading of the unemployment rate at 4.3%,
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