China’s RatingDog Manufacturing Purchasing Managers’ Index (PMI) declined to 50.6 in October from 51.2 in September, the latest data published by RatingDog showed on Monday. The market forecast was for a 50.9 print. AUD/USD reaction to China’s PMI data At the time of writing, the AUD/USD pair is trading 0.04% lower on the day to trade at 0.6542. Australian Dollar Price Last…
South Korea’s manufacturing sector slipped back into contraction in October, ending a brief rebound as firms grew more cautious amid global uncertainty and the impact of U.S. tariffs. The S&P Global Manufacturing PMI for Asia’s fourth-largest economy fell to 49.4 in October from 50.7 in September, sliding below the 50-point threshold that separates growth from contraction. The reading marks…
US President Donald Trump said late Sunday that he’s not really considering giving Ukraine Tomahawk missiles. Key quotes Not really considering giving Ukraine Tomahawk missiles.‘Could be’ US troops on ground in Nigeria or air strikes.There is no final straw for Putin.Sometimes you have to let Russia-Ukraine get fought out.I don’t set deadlines on Venezuela.We have secret plans for Venezuela, lets…
Barclays have joined Goldman Sachs in expecting the Bank of England to cut its benchmark Bank Rate by 25bp to 3.75% at its meeting on Thursday November 6, 2025. The Bank of England has plenty to cite if they do go with a cut this week: weaker-than-expected UK data includes slowing wage growth, a cooling labour market and GDP…
T. Rowe Price (TROW) came out with quarterly earnings of $2.81 per share, beating the Zacks Consensus Estimate of $2.55 per share. This compares to earnings of $2.57 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +10.20%. A quarter ago, it was expected that this financial services…
I have been writing about the k-shaped economy this week but we’re increasingly in a k-shaped stock market. The S&P 500 hit a record this week but yesterday, 9% of stocks in the S&P 500 hit a 52-week low. This is a market that’s being carried by some Mag7 names and the AI trade. AbbVie (ABBV) — Fell 1.6%…
S&P 500 did more than post-FOMC retracement – the move cut into Sunday‘s S&P 500 gap, accompanied by bonds trading sharply lower as well. Institutions also sold the close, and where it matters (XLK, XLC, XLY and XLF).
OPEC+ raised output by 137,000 barrels per day, which is the same pace as last month. This round of output hikes kicks in for December but the group is clearly worried about winter oversupply as they agreed to pause hikes for Q1, 2026. That should lend some support to crude oil Monday, as it wasn’t expected. WTI crude oil…
The NASDAQ 100 just had its worst day in three weeks, but the monthly chart reveals 11% upside to long-term resistance at 29,000. Clay Webster breaks down why Thursday’s pullback is a buying opportunity, not a reversal – analyzing Fed rate cuts, Big Tech earnings from Alphabet and Microsoft, breadth indicators, and the AI rally’s remaining runway. Expect a…
If Trump wanted Russia to lose the war in Ukraine or regime change in Iran/Venezuela, what would be his first move? The wise move would be to pull on whatever levers possible to get oil prices down in order to minimize a spike later. You could do that by leaning on Saudi Arabia and allies in OPEC to open…
