SHANGHAI, Nov.1 (SMM) – October manufacturing PMIs from China and the US, and IBD CCI for the US in November will be released today. Base metals diverged overnight, and such situation will continue today.
China’s official manufacturing PMI in September remained flat at August, and new export order index and import index expanded. But China’s import and export data unexpectedly weakened in September.
New York fed manufacturing index in October fell both short of expectations and September, and the worst since May, boding ill for ISM’s October manufacturing PMI for the US. But Markit’s flash manufacturing PMI in October topped both market expectations in final data in September, and was the highest since October 2015. This means US manufacturing is still promising.
Bank of Japan will announce its interest rate decision for November, and is expected to leave rate unchanged.