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☆ China's factory activity set to stall in October
▼ + stars: | 2022-10-28 | by ( Nelson Bocanegra | ) www.reuters.com time to read: +3 min

BEIJING, Oct 28 (Reuters) - China's factory activity likely showed no growth in October, with production hit by COVID-19 restrictions and as exports moderate on slowing global demand, a Reuters poll showed on Friday. read more"China's struggling growth trajectory is not just about COVID-related restrictions," said analysts at Oxford Economics in a research note. We forecast China's growth will average about 4%-4.5% over the next five years or so." The official manufacturing PMI, which largely focuses on big and state-owned firms, and its survey for the services sector, will be released on Monday. The private sector Caixin manufacturing PMI, which centres more on small firms and coastal regions, will be published on Tuesday.

☆ The Fed could lay the groundwork for a year end rally in the week ahead
▼ + stars: | 2022-10-28 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

The coming week is also the busiest of the corporate earnings season, with about a third of the S & P 500 companies releasing results. "Historically, the market waits for the last Fed rate hike to be introduced and then the market climbs higher. The S & P 500 was up more than 8.8% for the month. The Dow was up 5.7% on the week, the S & P 500 was up 5.7% and the Nasdaq was up 2.2%. The 50-day moving average is 3,841 for the S & P 500, and it was well above it Friday afternoon for the second time in the past week.

☆ Energy costs push Germany flash PMI to 29-month low - S&P Global
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +1 min

High energy costs were a major factor, especially in manufacturing, where the rate of contraction was at its fastest in two-and-a-half years, though manufacturing was also hit by weaker demand, S&P Global said. The flash manufacturing PMI fell to 45.7 from 47.8 the month before. "The flash PMI data show the downturn in German business activity gathering pace at the start of the fourth quarter, adding to the growing signs of an impending recession," said Phil Smith, economics associate director at S&P Global Market Intelligence. Germany's flash services PMI fell to 44.9 from 45.0. Register now for FREE unlimited access to Reuters.com RegisterReporting by Thomas Escritt; editing by John StonestreetOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. business activity weakens again in October -S&P Global survey
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +3 min

S&P Global said on Monday its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, fell to 47.3 this month from a final reading of 49.5 in September. "The decline was led by a downward lurch in services activity, fueled by the rising cost of living and tightening financial conditions." But the S&P Global survey may exaggerate the slowdown. The survey's flash manufacturing PMI fell to 49.9 this month, its first contractionary reading since June 2020, from 52.0 in September. The survey's flash services sector PMI fell to 46.6 from 49.3 in September.

☆ Euro zone October PMI adds to evidence bloc is heading for recession
▼ + stars: | 2022-10-24 | by ( Jonathan Cable | ) www.reuters.com time to read: +4 min

"The flash PMIs for October provide yet more evidence that the euro zone is sliding into quite a deep recession but that inflationary pressures remain intense," said Andrew Kenningham at Capital Economics. Concerns over rising inflation also weighed on the euro zone's second-biggest economy, France, and business activity there slowed. British government bond prices rose early on Monday after prices fell on Friday as investors braced for more uncertainty. The manufacturing PMI fell to 46.6 from 48.4, its lowest since May 2020 and below all forecasts in the Reuters poll. The future output index fell to 44.8 from 45.3, its lowest since May 2020 - when the COVID-19 pandemic was tightening its grip on the world.

☆ Stocks could continue to break higher as Apple, big tech report earnings in week ahead
▼ + stars: | 2022-10-21 | by ( Patti Domm | In | ) www.cnbc.com time to read: +9 min

The three major averages closed higher Friday, with the S & P 500 adding 2.37% to close at 3,752.75. Stovall said the S & P 500 had six positive moves of 1% or more in the last 17 trading days, as of Friday. Earnings, earnings, earnings About 150 S & P 500 companies report earnings in the coming week. Technically speaking Scott Redler, partner with T3Live.com, said he is watching a formation in the S & P 500 that could be positive. His first target for the S & P 500 is 3,800.

☆ China's Sept factory activity set for third straight monthly contraction - Reuters poll
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +3 min

read moreOn Tuesday, data showed profits at China's industrial firms shrank at a faster pace in January-August. "Container throughput data for the first 10 days of September declined 15% year-on-year partially on port disruptions due to typhoons, which might drag on manufacturing activity growth," they said. Goldman Sachs revised down its 2023 China GDP growth forecast to 4.5% from a previous projection of 5.3%, and predicted that Beijing is unlikely to begin reopening before the second quarter next year. The official manufacturing PMI, which largely focuses on big and state-owned firms, and its survey for the services sector, will be released on Friday. The private sector Caixin manufacturing PMI, which centres more on small firms and coastal regions, will also be published on Friday.

☆ UK downturn deepens, raising recession risk -flash PMI
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +3 min

Released just as finance minister Kwasi Kwarteng was due to flesh out the economic agenda of new Prime Minister Liz Truss, the S&P Global/CIPS flash Composite Purchasing Managers' Index (PMI) fell to 48.4 from 49.6 in August. It marked the lowest reading since the COVID-19 lockdown of January last year. The PMI for the services sector fell to 49.2 in September from 50.9 in August, the weakest reading since January 2021. While the manufacturing PMI rose to 48.5 from 47.3, much of the improvement reflected a worsening supply chain performance, which in normal times reflects shortages due to strong demand but not this time. Despite the pound falling to 37-year lows against the dollar, export orders contracted in both the manufacturing and service sectors, S&P Global said.

☆ U.S. business activity remains subdued in September, S&P Global survey shows
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Mike BlakeWASHINGTON, Sept 23 (Reuters) - U.S. business activity contracted for a third straight month in September, though the pace of decline slowed while improving global supply chains eased inflation pressures for companies. Register now for FREE unlimited access to Reuters.com RegisterThe S&P Global survey, however, likely exaggerates the slowdown in economic activity. The survey's flash manufacturing PMI nudged up to 51.8 this month from 51.5 in August. With input price increases slowing, average operating expenses for manufacturers rose this month at the slowest pace since November 2020. The survey's flash services sector PMI rose to 49.2 from 43.7 in August.

☆ Fed meeting ahead will decide whether stocks can stabilize or fall back to bear market lows
▼ + stars: | 2022-09-16 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

FedEx rattled the market after it withdrew its full year earnings guidance Thursday, warning about global softness in its delivery business. After the CPI, markets shifted to price in an even more aggressive Fed rate hiking path. Fed ahead In the week ahead, there are just a few data releases, but they will provide an important window into how the housing market has been coping with the Fed's rate hiking cycle. "Good economic data has been bad for the market, but we haven't seen bad economic data be good for markets. After the CPI release, the futures market for fed funds priced a big jump higher in the terminal rate, or end point where the Fed stops hiking.

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