Services PMI 49.6 vs 48.3 expected and 55.0 prior.Composite PMI 48.6 vs 47.4 expected and 53.1 prior.Key findings:French services economy ends third quarter with marginal contraction. New orders fall slightly and firms make strong dent to backlogs of work. Input cost...
Italy September services PMI 50.5 vs 51.0 expected
Services PMI 50.5 vs. 51.0 expected and 51.4 prior.Composite PMI 49.7 vs. 50.8 prior.Key findings:Services activity rises marginally and at slowest pace seen in 2024 so far. New business volumes down for second month in a row. Jobs growth sustained.Comment:Commenting...
Spain September services PMI 57.0 vs 54.0 expected
Services PMI 57.0 vs 54.0 expected and 54.6 priorComposite PMI 56.3 vs 53.5 prior.Key findings:Uplifts in new business and activity growth signalled. Employment levels raised markedly. Cost inflation down to three-and-a-half year low.Comment:Commenting on the PMI...
Morning Blast @PiQSuite and @MrMBrown
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The @Newsquawk Europe Market Open: APAC stocks mixed, BoE Bailey’s comments move GBP lower
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Swiss CPI data: Surprise drop in September
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Russian services sector growth dips in September, PMI report shows
Full Story on PiQ SuiteBusiness activity in Russia's services sector grew at a slower pace in September amid a weaker rise in demand, a business survey showed on Thursday, with firms also moderating their hiring efforts. The S&P Global Purchasing Managers' Index...
Bank of England Governor talks “bit more aggressive” interest rate cuts
In an exclusive interview with the Guardian - Bailey held out the prospect of the Bank becoming a “bit more aggressive” in cutting interest rates provided the news on inflation continued to be good.Full Story He also hit back at claims by the former prime minister Liz...
Fed speakers Thursday include Kashkari and Bostic
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ForexLive Asia-Pacific FX news wrap: BOJ: loose policy still needed. HK stocks pullback.
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Asia market FX intervention
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Global Rate-Cutting Cycle Shift in September: What Comes Next?
Deutsche Bank with a note arguing that September marked a significant shift in the global rate-cutting cycle, highlighting the importance of the Federal Reserve's first rate cut. With the Federal Reserve now joining the trend, it was expected that other countries...
Nomura urge a ‘more sober assessment’ on China stimulus rally
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Vanishing town highlights the challenges faced by famous son, Bank of Japan Governor Ueda
This is an interesting read from an extended Reuters report on Bank of Japan Governor Ueda's home town, Makinohara, struggling with economic disparities, depopulation, rising interest rates, wage increases ... and being at risk from vanishing. In Makinohara, the...
USD/JPY off its highs after the latest headline out of Japan
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Japan PM Ishiba didn’t request any special policy from BOJ Gov Ueda at Wednesday meeting
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BOJ’s Noguchi says must patiently maintain loose monetary conditions
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Australian August trade surplus larger than expected
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Brent crude oil off its highs in Asia, holding above USD74 – attack on Iran cocnerns
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Japan’s stock market rebounding strongly on dovish Ishida
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