10:30 AM BST, United Kingdom - PMI Data for October:
- S&P Global/CIPS UK Manufacturing PMI: actual 49.9; forecast 50.3; previous 51.5;
UK manufacturing began the final quarter facing uncertainty, influenced by speculation over government policies ahead of the Budget, which led to cautious investment and spending. Domestic challenges, along with declining export demand, caused new work intakes to contract for the first time since April, with output growth nearly stalling.
The PMI fell below 50, reflecting a weak environment, though input cost inflation eased significantly, potentially giving policymakers space to support growth if demand falters. The upcoming November PMI will be crucial to gauge the Budget's impact on business confidence.
US Open: Nasdaq continue to climb๐Intel and Eli Lilly stocks surge
BREAKING: US100 with mixed reaction to the JOLTS/PMI/Orders prints ๐๏ธ
BREAKING: Eurozone inflation slightly below estimates ๐ช๐บ EURUSD ticks up
Chart of the day: CHN.cash (07.01.2026) China's rally hits the wall ๐ ๐จ๐ณ