Core Insights - The final value of France's services PMI for October is reported at 48, which is higher than the expected value of 47.1 and matches the previous value of 47.1 [1] Summary by Category - **Economic Indicators** - France's services PMI for October stands at 48, indicating a slight improvement compared to expectations [1] - The figure aligns with the previous month's value, suggesting stability in the services sector [1]

Core Viewpoint - The article discusses the current trends and developments in the investment banking sector, highlighting the impact of recent economic changes on market dynamics and investment opportunities [1] Group 1: Market Trends - Investment banking is experiencing a shift due to rising interest rates, which are affecting deal-making activities and valuations [1] - There is an increasing focus on sustainable finance, with more banks integrating ESG (Environmental, Social, and Governance) factors into their investment strategies [1] Group 2: Company Performance - Major investment banks reported mixed earnings in the latest quarter, with some showing resilience in advisory services while others struggled with trading revenues [1] - The competition among investment banks is intensifying, leading to innovative service offerings and strategic partnerships to capture market share [1] Group 3: Future Outlook - Analysts predict a cautious outlook for the investment banking sector in the coming months, as economic uncertainties may continue to influence client confidence and transaction volumes [1] - There is potential for growth in technology-driven solutions within investment banking, as firms seek to enhance efficiency and client engagement [1]

Fundamental Analysis - Silver prices are currently under slight pressure, with a focus on support levels for potential long positions. The recent rebound attempted to approach the short-term retracement zone of $50.02-$51.07, which remains a key resistance area. The market views this zone as a selling area unless a clear breakout occurs, maintaining a bearish sentiment in the short term. However, the long-term trend is still marginally upward, with the 50-day moving average at $45.38 providing support for the upward trend, marking a critical dividing line for the market. Buyers are appearing in this area, but confidence is not strong [1] Upcoming Economic Data - The week of November 3-7 is expected to be data-intensive, with multiple countries releasing manufacturing and services PMI, central bank interest rate decisions, and the ADP employment data. Key economic indicators from major economies, including trade balances and consumer confidence indices, will also be released. Investors need to navigate these data signals and policy expectations, as each piece of data could influence short-term movements in stock, currency, and commodity markets [3] Services PMI and Labor Market - On November 5, services PMI data will be released, closely tied to consumer spending and living costs. The ADP employment data, known as "small non-farm" data, will also be published, highlighting its importance in the absence of clear non-farm payroll data. This ADP data will now be released weekly, providing a more responsive measure of the U.S. labor market [4] Silver Market Trends - The current trend in the silver market indicates a price uptrend, with strategies for support long positions and resistance short positions. Technical charts show a support level around $46.98, with a bullish outlook indicated by the MACD. However, market activity is decreasing, suggesting cautious trading and a preference for light positions [7] Investment Opportunities - The global financial market is experiencing continuous fluctuations, presenting ongoing investment opportunities in the precious metals market. Investors can apply for accounts on trading platforms to access the latest market dynamics and seize profit opportunities [8]

美国10月标普全球制造业PMI初值为52.2，预期52；10月标普全球服务业PMI初值为55.2，预期53.5。 ...

每经AI快讯，10月24日，美国10月标普全球制造业PMI初值为52.2，预期52；10月标普全球服务业PMI 初值为55.2，预期53.5。 ...

每经AI快讯，10月24日消息，日本10月服务业PMI初值52.4，前值53.3。 ...

Core Viewpoint - The company anticipates an improvement in business travel demand due to a continuous expansion in China's service sector PMI from June to September 2025, which is expected to enhance operational efficiency and competitiveness through management optimization and service enhancement [1] Group 1 - The service sector PMI in China is projected to show four consecutive months of expansion from June to September 2025, indicating improved business conditions [1] - The company plans to enhance efficiency and competitiveness by continuously optimizing management and improving service quality [1]

Core Insights - The ISM reported that the US services sector unexpectedly stagnated in September, with the services PMI index at 50, a decrease of 2 percentage points from August, marking the first time since January 2010 that it has fallen to the neutral line [1] - The services sector, which contributes approximately three-quarters of the US GDP, continues to show overall economic growth for the 64th consecutive month, although the growth rate has significantly slowed [1] Economic Activity - The business activity index dropped to 49.9 in September, down 5.1 percentage points from August, entering contraction territory for the first time since May 2020 [1] - The new orders index remained in the expansion zone but fell significantly to 50.4, a decrease of 5.6 percentage points from the previous month [1] Employment Trends - The employment index has been in contraction for the fourth consecutive month, recording 47.2, a slight increase of 0.7 percentage points from August [2] - Companies reported increased employee turnover and delayed hiring due to cost and market uncertainties, with AI improving productivity in some sectors, affecting traditional hiring needs [2] Supplier and Price Dynamics - The supplier delivery index rose to 52.6, indicating slower delivery times, the highest level since February of this year [2] - The prices index remained high at 69.4, reflecting ongoing cost pressures in the services sector, with the index above 60 for ten consecutive months [2] Inventory and Backlog - The inventory index shifted from expansion to contraction, recording 47.8, the lowest level since January, as some companies reduced inventory in anticipation of falling commodity prices [2] - The backlog of orders index, while still in contraction, rose significantly to 47.3, indicating a slowdown in the rate of contraction [3] Sector Performance - Among 18 service industries, 10 reported growth in September, a decrease of 2 from August, with growth seen in sectors like accommodation, healthcare, and finance [3] - Sectors such as real estate and related industries continue to be a drag on the economy [3] Overall Economic Outlook - The ISM noted that despite weak service sector data, the September PMI corresponds to an annualized GDP growth rate of approximately 0.4%, indicating economic slowdown but not recession [3]

每经AI快讯，10月3日，美国9月标普全球服务业PMI终值为54.2，预估53.9，前值53.9。 ...

每经AI快讯，10月3日，加拿大9月标普全球服务业PMI 46.3，前值48.6。 （文章来源：每日经济新闻） ...