WEDNESDAY 12/3/14; Australia GDP; Russia Ruble Collapse; Ukraine Nuclear Accident; Italy 10-Year Yield Drops Below 2%; Global PMI Services; ADP Employment Report; Productivity and Costs; ANF; ISM Non-Mfg Index; Beige Book; SPX and INDU New All-Time Highs; ARO; PVH

At 8:30 AM Hong Kong time (7:30 PM EST), Australia Q3 GDP is a miss at +2.7% year over year versus the +3.1% expected. The dollar/yen is 119.30 reflecting the weaker yen that sends the NIKK higher. Takata rejects 









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with Iraqi PM Haider al-Abadi in Paris. Iran fighter jets are striking ISIS militants in Iraq as the borders and regional wars across northern Africa and the Middle East become further blurred.

30 arrests occur in New York City during protests after the grand jury decision to not indict any police officers for killing an unarmed black man. A highway was shut down as demonstrators filled the streets. The police corral the protestors resulting in minor injuries. Protestors are ridiculing the police chanting, “Hands Up Don’t Shoot” and “I Can’t Breathe” referencing the St Louis and New York grand jury non-actions, respectively.