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 on measures to stimulate economic growth. Beside, the higher short-term borrowing plans outlined in the budget are casting doubts on […]
The post Sterling drops as market questions growth impact of Reeves’ budget appeared first on Action Forex.
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…
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…
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 Read more…