Core Viewpoint - The official manufacturing PMI for October is reported at 49%, indicating a contraction in the manufacturing sector [1] Group 1 - The manufacturing PMI has decreased to 49%, which is below the neutral level of 50, suggesting a decline in manufacturing activity [1] - A PMI reading below 50 typically signals a contraction in the manufacturing sector, reflecting potential challenges for companies operating in this space [1]

Group 1 - The U.S. GDP preliminary value for Q3 is expected to show continued moderate expansion, with consumer spending being a key focus [1] - The Conference Board Consumer Confidence Index for October will reflect changes in consumer confidence following a decrease in inflation [2] - Japan's preliminary GDP for Q3 will be observed to assess whether the economy is recovering from weakness, particularly in exports and consumption [3] Group 2 - The U.S. Personal Consumption Expenditures (PCE) price index for September, a key inflation indicator for the Federal Reserve, may influence the pace of interest rate cuts [3] - The EIA's report on crude oil inventory changes will impact short-term oil price dynamics [3] - The U.K. Manufacturing PMI for October will be monitored to evaluate the recovery of the economy in a high-interest rate environment [4] Group 3 - The European Central Bank's meeting minutes will provide insights into the latest assessments of inflation and economic growth [5] - Canada's GDP data for August will be released, with potential implications for short-term fluctuations in the Canadian dollar [6] - The Federal Reserve's interest rate decision and policy statement are anticipated to announce a 25 basis point rate cut, with Powell's speech expected to guide market direction [7] Group 4 - The Bank of Japan's monetary policy meeting results will be closely watched for any adjustments to negative interest rate policies and yield curve control frameworks [8] - Australia's Q3 Producer Price Index (PPI) will be analyzed to observe inflation trends and the subsequent policy space for the Reserve Bank of Australia [9] - The final value of the U.S. Markit Manufacturing PMI for October will help determine if manufacturing activity is recovering [10] - The U.S. ISM Manufacturing Index for October, as a leading indicator, may influence market perceptions of economic prospects [11]

Core Insights - The preliminary value of the S&P Global Manufacturing PMI for October in the U.S. is 52.2, exceeding the expected value of 52 [1] - The preliminary value of the S&P Global Services PMI for October in the U.S. is 55.2, surpassing the expected value of 53.5 [1] Manufacturing Sector - The manufacturing PMI indicates a slight expansion in the manufacturing sector, as a value above 50 suggests growth [1] Services Sector - The services PMI reflects a stronger performance in the services sector, with a value significantly above the neutral mark of 50, indicating robust growth [1]

Core Insights - The preliminary value of the US October S&P Global Manufacturing PMI is reported at 52.2, exceeding the expected value of 52 [1] - The preliminary value of the US October S&P Global Services PMI is reported at 55.2, surpassing the expected value of 53.5 [1] Group 1 - The manufacturing sector shows a positive outlook with a PMI above the expected level, indicating expansion [1] - The services sector also reflects strong performance with a PMI significantly higher than expectations, suggesting robust economic activity [1]

④佩斯科夫：俄将对西方新制裁作出回应； 来源：第一财经 【时政新闻】 ①美国9月CPI同比增长3%，前值增长2.9%；环比增长0.3%，前值增长0.4%； ②特朗普：美国终止与加拿大的所有贸易谈判； ③普京：布达佩斯会晤更像是改期而非取消； ①美股三大股指期货齐涨，截至发稿，道指期货涨0.58%，标普500指数期货涨0.79%，纳指期货涨 1.03%； ②欧洲主要股指多数下跌，截至发稿，英国富时100指数涨0.11%，法国CAC40指数跌0.6%，德国DAX 指数跌0.16%，欧洲斯托克50指数跌0.03%； ③现货黄金跌幅收窄至1%，现报4084.9美元/盎司； 【公司新闻】 ①Anthropic确认与谷歌云达成价值数百亿美元的合作协议； ⑤俄特使基里尔·德米特里耶夫已抵达美国。据报道，预计德米特里耶夫将会见特朗普政府官员，就俄 美关系展开磋商； ⑥巴西总统：已准备好与特朗普进行谈判； ⑦美官员否认与量子公司洽谈政府入股问题； ⑧俄罗斯央行降息50个基点至16.5%； ⑨欧元区10月制造业PMI初值为50，前值为49.8； 【市场动态】 ②英特尔美股盘前涨超5%，公司第三季度营收重现增长，利润转正。 (本文 ...

每经AI快讯，10月24日，欧元区10月制造业PMI初值为50，前值49.8。 ...

每经AI快讯，10月24日消息，德国10月制造业PMI初值为49.6，前值49.5。 ...

Group 1 - The composite PMI for India in October is reported at 59.9, down from the previous value of 61 [1] - The manufacturing PMI for October is reported at 58.4, an increase from the previous value of 57.7 [1]

每经AI快讯，10月24日消息，日本10月制造业PMI初值48.3，前值48.5。 ...

Group 1: Market Overview - The bond market faced overall pressure in Q3, with a significant "see-saw" effect between stocks and bonds. In July, the bond market was under pressure due to the implementation of "anti-involution" policies and expectations of new policies, while commodities and the stock market rose. In August, the "anti-involution" trading cooled down, commodity prices fell, but the stock market remained strong, leading to further weakness in the bond market. In September, the stock market experienced high volatility, and futures bonds fluctuated widely [1] Group 2: Manufacturing Sector - The manufacturing PMI for September was reported at 49.8%, a marginal improvement of 0.4 percentage points from August, indicating a slight recovery in manufacturing activity. The production index rose to 51.9%, the highest in nearly six months, while the new orders index increased to 49.7%, suggesting improved market demand. The new export orders index also saw a recovery, rising by 0.6 percentage points to 47.8% [2][3] Group 3: Price and Inventory Dynamics - The factory price index continued to contract, while the raw material purchase price index remained in the expansion zone, indicating pressure on corporate profit margins. In September, the raw material inventory index rose to 48.5%, reflecting proactive stocking behavior driven by production expansion. The finished goods inventory index increased to 48.2%. Large enterprises maintained a PMI of 51.0%, while medium and small enterprises showed slight declines [3] Group 4: Trade Performance - In September, exports grew by 8.3% year-on-year, surpassing expectations, while imports increased by 7.4%, also exceeding forecasts. The growth in exports was primarily driven by non-U.S. markets, with significant increases in exports to ASEAN and the EU. The structure of exports improved, with mechanical and electrical products maintaining a stable share of over 60% [4] Group 5: Outlook for Q4 - Looking ahead to Q4, despite challenges such as high base effects and trade frictions, exports are expected to maintain positive growth supported by demand from ASEAN, the EU, and Africa. The overall bond market is entering a phase of clearing negative sentiment, but a trend-driven market will depend on renewed expectations for monetary easing. The current economic fundamentals remain resilient, limiting the likelihood of comprehensive interest rate cuts in the short term [5]