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Chinas Manufacturing Activity Expands for First Time in Six Months

October 31, 2024
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Manufacturing expands for first time in six months Construction and services avoid falling into contraction Reinforces officials39; belief Sept stimulus can revive economy Fourth quarter is off to a good start, economists say BEIJING, Oct 31 Reuters China39;s manufacturing activity expanded for the first time in six months and services picked up in October, indicating […]

October 31, 2024
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SHENZHEN, China, Oct 31 Reuters Chinese smartphone maker Honor announced on Thursday new investors that included China Telecom and a unit of CICC Capital Corp, almost a year after it said it was planning an initial public offering IPO. Honor, a former unit of Huawei Technologies HWT.UL, did not disclose the amount of the investment. […]

October 31, 2024
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Oct 31 Reuters French consumer prices rose in line with expectations in October, preliminary data from statistics agency INSEE showed on Thursday. France39;s harmonized inflation rate, adjusted for comparison with other euro zone countries, increased to 1.5 yearonyear in October. A poll of 19 economists surveyed by Reuters was expecting a rise of 1.5 on […]

October 31, 2024
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TAIPEI, Oct 31 Reuters Taiwan39;s tradedependent economy grew more than expected in the third quarter of 2024, thanks to stronger demand for new applications such as artificial intelligencerelated products. Taiwan is a key hub in the global technology supply chain for companies such as Apple and Nvidia, and home to the world39;s largest contract chipmaker, Taiwan […]

October 31, 2024
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BERLIN, Oct 31 Reuters German plant and equipment makers39; orders fell in September, after a oneoff rise in August, the VDMA association said on Thursday, as a doubledigit fall in domestic contracts were cushioned by those from abroad remaining stable. Overall, orders were down 4 in real terms on the year in September, following a […]

October 31, 2024
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Q3 GDP expands 1.8 yy versus revised 3.2 in Q2 Q3 seasonally adjusted GDP down 1.1 qq Economy should grow in remainder of year, government says HONG KONG, Oct 31 Reuters Hong Kong39;s economy grew 1.8 in the third quarter yearonyear, official advance estimates showed on Thursday, expanding for a seventh straight quarter. The result […]

October 31, 2024
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SHANGHAI, Oct 31 Reuters China39;s central bank has injected 500 billion yuan 70.24 billion into its banking system during October through a new reverse repurchase tool announced earlier this week, the bank said on Thursday. The People39;s Bank of China PBOC said the repo operations aimed to keep banking system liquidity reasonably ample. The tenor […]

October 31, 2024
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Oct 31 Reuters Indian shares fell on Thursday, logging their worst monthly performance since March 2020, as record monthly foreign outflows and lacklustre corporate earnings pummelled investor sentiment. The NSE Nifty 50 fell 0.56 to 24,205.35, while the BSE Sensex lost 0.69 to 79,389.06. Both the benchmarks lost about 6 in October, their worst monthly performance since […]

October 31, 2024
Finance
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Yen firms to as much as 151.92 per dollar Euro unchanged after the bloc39;s strong Oct inflation data Sterling rises on higher for longer rate view Dollar edges lower ahead of PCE data TOKYOLONDON, Oct 31 Reuters The yen rose on Thursday after the Bank of Japan took a less dovish tone than expected while the U.S. […]

October 31, 2024
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Oct 31 Reuters The British pound firmed on Thursday a day after new UK finance minister Rachel Reeves announced a taxandspend budget, leading to concern about inflation and fuelling expectations of fewer interest rate cuts from the Bank of England. Sterling firmed 0.2 to 1.29870 after falling 0.4 a day earlier. It advanced slightly against […]

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Chinas Manufacturing Activity Expands for First Time in Six Months

Chinese Smartphone Maker Honor Announces new Investors

French Preliminary Inflation at 1.5 in October, in Line with Expectations

Taiwan Q3 Preliminary GDP Beats Forecast on Solid AI Demand

German Engineering Orders Fall again in September, says VDMA

Hong Kong Q3 GDP Expands 1.8 yy, Slower than Forecast

PBOC Injects Cash via new Outright Reverse Repos in October

Indian Shares Log Worst Month since March 2020 on Record Foreign Outflows, Dull Earnings

Yen Firms after Less Dovish BOJ, Dollar Dips ahead of Data

Sterling Ticks Higher, Investors Expect Fewer BoE Rate Cuts

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