Markets Softer-than-expected European October PMIs were a perfect excuse for core bonds to build on yesterday’s remarkable intraday U-turn. In a Germany-led decline, the composite figure dropped from 47.2 to 46.5, more than offsetting the September uptick . Both manufacturing (43.0 from 43.4) and services (47.8 from 48.7) are in contraction territory at the start […]
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