The United States: Let’s begin with the September ISM manufacturing PMI report, which was below economists’ forecasts. US factory activity is rapidly shrinking (PMI below 50).
Eurozone: The Eurozone’s financial conditions have been easing. Does this trend signal a bottom in factory activity?
Europe: Switzerland’s economy appears to be in recession. This index combines manufacturing, construction, and services.
China: The export orders component of the PMI index signals further weakening in the Chinese export cycle.
Equities: IPOs with negative earnings have been better received by investors compared to IPOs with positive earnings, according to BCA Research.
Food for Thought: Most surveilled cities in the world
Edited by Daniel Moskovits
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