The focus so far today is on the Italian referendum; exit polls are showing a clear win for the 'No' side - which is a negative input for the euro
I'll update on the Aussie services PMi here and the Italian result & euro on a fresh post
KEY FINDINGS from AiG ... verbatim (I got bigger fish to fry this morning):
- The Australian Industry Group Australian Performance of Services Index (Australian PSI® ) lifted by 0.6 points to 51.1 points in November. This continued a gradual lift into growth following a sluggish period for the sector (results above 50 points indicate expansion, with higher numbers indicating a stronger rate of expansion). 
- Three of the five activity sub-indexes in the Australian PSI® were above 50 points and indicating expansion in November. New orders lifted 1.7 points to 54.0 points, employment expanded at a slower pace (falling 0.6 points to 52.3 points), deliveries lifted into positive territory, rising 3.6 points to 51.8 points in November. 
- Stocks contracted in November but at a slower pace than in October lifting 5.3 points to 47.0 points. Sales fell 3.0 points to 48.1 points and indicating contraction in November (down from 51.8 points in October). ï‚·
- Four of the nine services sub-sectors in the Australian PSI® expanded in November (three month moving averages). Personal and recreational services (57.7) grew for a fourth month. The very large health & community services (53.3) grew at a slightly slower pace, falling by 0.4 points. Finance & insurance went from stable to growing, lifting 1.9 points to 52.2 points, as did property & business services, which rose 1.5 points from 49.9 to 51.4 in November. 
- Some respondents to the Australian PSI® noted that the US Federal election was a dampening influence on Australian business confidence in November. For others, competition from imports continued to constrain business while the flow-through from conditions in agriculture is having mixed outcomes, with positive effects from the increased value of cattle and negative effects from depressed dairy prices. Extreme weather events might also have affected demand for some types of consumer-oriented services in November.
But ... EUR update:
