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Prior 43.0All five sub-indices (new orders, output, employment, stocks of purchases, supplier delivery times) showed declines in September as UK manufacturing activity stays in contraction territory. Demand conditions remain weak but at least that is helping to lead...

AUD/USD daily chartThe pair continues to be stuck in a ping pong battle, mostly in between 0.6360 to 0.6500. The low earlier today touched 0.6395 before the dollar gave back some of its earlier gains but in any case, it continues to pit AUD/USD price action within the...

> SNB total sight deposits w.e. 29 September CHF 476.3 bn vs CHF 475.1 bn prior Latest data released by the SNB - 2 October 2023 <!--> Justin Low Monday, 02/10/2023 | 08:00 GMT-0 02/10/2023 | 08:00 GMT-0 --> <!--> Domestic sight deposits CHF 466.1 bn...

Prior 43.5The headline reading is a two-month as output also fell amid softer demand conditions. There was also a decline in employment, so just take note of that in case it starts to gather pace in the months ahead. HCOB notes that:“The Output PMI was well under 50...

Prior 39.1German manufacturing stays more subdued towards the end of Q3, as deteriorating demand conditions continue to weigh. This saw the sharpest decline in output since May 2020 but at least input costs are seen falling further. HCOB notes that:“There are...

Prior 46.0That's a slight improvement to the initial estimate but amid softer demand conditions, French manufacturing output was seen declining sharply once again. Of note, employment activity is also seen shrinking so that will be something to be wary about in the...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

Prior 45.4The downturn in Italy's manufacturing sector continues, albeit at a slower pace. HCOB notes that:“The Italian industrial economy appears to be trapped in a deep recession with no clear way out. The HCOB PMI remains in contraction territory with an index...

S&P 500 futuresThis is building on the gap higher from the start of the day and is keeping broader market sentiment in a better spot to start European morning trade. S&P 500 futures are up 30 points, or 0.7%, currently as investors keep the faith after news...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

Prior 46.5It's an improvement as output and new orders fall at a slower pace but it still points to contraction in Spain's manufacturing sector towards the end of Q3. HCOB notes that:“Spanish manufacturing sector output took another dip in September, but it's not...

Important for currencies to move in a stable manner reflecting fundamentalsSo far, USD/JPY is managing to stay away from the critical 150.00 mark. But the upside pressure remains as Treasury yields continue to keep on the higher side as we get things going on the new...

Eurostoxx +0.2%Germany DAX +0.2%France CAC 40 +0.3%UK FTSE +0.1%Spain IBEX +0.3%Italy FTSE MIB +0.3%This comes as US futures are also in a better mood, with S&P 500 futures up 0.5% currently. That comes despite Treasury yields holding higher as we get things going...

Last week inflation data for the eurozone came in weaker than expected, giving a glimpse of hope that it will continue to drop in the near future. However, overall inflation remains elevated and the rising energy prices might exert additional pressure in the coming...