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Global manufacturing index swings to plus side
China, the U.S. and the U.K. helped edge JPMorgan's Global Manufacturing PMI for December into positive territory for the first time since May, with a reading of 50.2. Meanwhile, the Group of Seven and BRIC nations will face substantially reduced sovereign debt refinancing costs in 2013 thanks to rallies in each nation's bond market for the first time since 2008.

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