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Prior 44.4Manufacturing PMI 42.6 vs 44.4 expectedPrior 44.2Composite PMI 45.3 vs 44.4 expectedPrior 44.1It is a bit of a contrast as the French services sector contracts at a slower pace in October, beating estimates, while the manufacturing sector slumped further to...

And that is dragging the dollar down with it as risk trades continue to see a modest recovery. S&P 500 futures are up 0.4% while major currencies are starting to extend gains against the greenback, continuing from yesterday. USD/JPY in particular is losing...

Prior 4.3%Employment change -82k vs -198k expectedPrior -207kJust be wary that there are changes made to this dataset as noted here. ONS warns that the latest estimates "should be used with extreme caution". So, even with the slight tick lower in the jobless rate, it...

Prior -26.5; revised to -26.7That's another poor reading as consumer morale is set to decline for a third month in a row heading into November, dashing any hopes of a potential recovery in household sentiment before the end of the year. GfK notes that: "The high...

Ackman's message in particular arguably reverberated much more strongly as the bond market was bid and risk assets also recovered in tandem. But both tweets are playing to the same tune, so you sort of get the picture there. Anyway, it's some food for thought for...

The Israel-Hamas conflict is still a considerable factor in markets but so is the retracement in the bond market, after having seen 10-year yields in the US tag the 5% level before backing off. Yields are now trading little changed at 4.84% and that is seeing 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,...

The trigger point came in US trading as yields fell back, with 10-year yields in particular slipping way off after having tagged the 5% level in European trading. Perhaps Bill Ackman's tweet here had some part in it as well, as we saw yields fall to 4.84% in a notable...

Bitcoin rocketed higher during the session here, carrying on its gains from Monday. The prospect of Bitcoin ETFs has lit a fire under the price. BTC/USD hit US$35K during the session here, its highest since May of 2022. More broadly the USD lost ground, also carrying...

Via a note on Monday from Morgan Stanley strategsit Mike Wilson:is expecting to see further choppy performance from equities through to the end of the yearstocks could move lower this week, but while the pullback could be followed by a boun ce he sees the index lower...

The Financial Times (gated) carried the report on Toyota nears mass production of solid-state batteries.Other outlets have since picked up the news. Japanese automaker Toyota is close to being able to manufacture solid-state batteries at the same pace as existing...

Via Moody's: Weak fundamentals in China's property sector will further weigh on Chinese developers' credit quality over the next 12-18 months State-owned Chinese property developers will outperform market, while privately owned companies will face further strain...

China finance ministry readout: Two sides had in-depth, candid and constructive discussions on the macroeconomic situation and policies of the two countries and the world China expressed its concern, both sides will maintain communication Two sides also had...

I posted this earlier:And am doing so again ahead of Chinese markets opening for the day.More info, Reuters citing 3 unnamed sources:China's top legislators, the standing committee of the National People's Congress (NPC), are set to approve the extra debt...