Japan’s PMI Manufacturing was finalized at 49.2 in October, a decline from September’s 49.7, signaling continued contraction in the sector. Usamah Bhatti at S&P Global Market Intelligence noted that while output fell only slightly, it was at the sharpest rate since April, with new orders contracting at their fastest pace in three months. Companies cited […]
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US non-farm payrolls report takes center stage in global financial markets today. Expectations are for an increase of 106k jobs in October, which would mark the lowest monthly gain in nearly four years. Unemployment rate Read more…
Sterling fell sharply overnight, alongside with 10-year government bond and FTSE, as markets reacted to Chancellor Rachel Reeves’ new budget. Critics argue the budget is being heavy on spending, tax hikes, and borrowing but light Read more…
China’s Caixin Manufacturing PMI improved to 50.3 in October, up from 49.3 and surpassing expectations of 49.5. According to Wang Zhe, Senior Economist at Caixin Insight Group, October brought a mix of positive developments, including Read more…