International News
- The US economy expanded at 3.5% annual pace in Q3 compared to 4.2% in Q2.
- US consumer confidence index rose to 137.9 in October from a downwardly revised 135.3 in September.
- According to US ADP, private employment jumped by 227,000 jobs in October after surging up by a downwardly revised 218,000 jobs in September.
- US initial claims for state unemployment benefits increased 5,000 to a seasonally adjusted 215,000 for the week ended October 20.
- US manufacturing PMI was 55.9 in October compared to 55.6 in September.
- US services PMI was 54.7 in October compared to 53.5 in September; the composite PMI was 54.8 in October compared to 53.9 in September.
- US durable goods orders edged up a slight 0.8% in September, a sharp slowdown from a 4.6% jump in August.
- US’ University of Michigan consumer sentiment index came in at 98.6 in October compared with a preliminary reading of 99.0.
- The IHS Markit/CIPS UK Manufacturing PMI fell to 51.1 in October of 2018 from a downwardly revised 53.6 in September and well below market expectations of 53.
- Eurozone's economic growth slowed to 1.7% annually in Q3 compared to 2.2% in the previous quarter.
- Eurozone inflation rose to 2.2% in October from 2.1% in September.
- Eurozone manufacturing PMI was 52.1 in October compared to 53.2 in September.
- Eurozone services PMI was 53.3 in October compared to 54.7 in September; the composite PMI was 52.7 in October compared to 54.1 in September.
- European Central Bank keeps its policy unchanged, staying on course to end bond purchases by the end of December.
- Eurozone economic sentiment index slid to 109.8 in October from 110.9 a month ago.
- Bank of Japan (BoJ) retains the -0.1% interest rate on current accounts that financial institutions maintain at the bank; the regulator downgrades the inflation forecast signaling that price growth will not reach 2% target until March 2021.
- Japan’s manufacturing PMI was 53.1 in October compared to 52.5 in September.
- China manufacturing PMI was 50.2 in October compared to 50.8 in September.
- China’s industrial profits rose 4.1% in September from a year earlier to 545.5 bn yuan.
Last Updated: 31st October 2018
Next Update On: 15th November 2018
Update Frequency: Once Every Fortnight
