October 31, 2025 05:01 AM GMT China Economics | Asia Pacific Oct PMI: Payback, But Some Greenshoots Key Takeaways Manufacturing PMI held up better than it appears: The sharp drop in Oct manufacturing PMI was mainly due to the timing shift of the Mid-Autumn Festival to October this year, which led to front-loaded production in September. Removing the distortion, Sep-Oct combined manufacturing PMI was at 49.4, the same as the Aug reading. Signs of fiscal pass-through: Both construction and service PMIs underp ...

Bank Indonesia unexpectedly kept its policy rate unchanged after three straight cuts, pausing to assess the impact of previous easing and ongoing fiscal stimulus on Southeast Asia’s largest economy https://t.co/H8JiH62Qom ...

(Reuters) -China's economic growth slowed to the weakest pace in a year in the third quarter, matching expectations, as a prolonged property slump and trade tensions hurt demand, keeping pressure on policymakers to roll out more stimulus to shore up momentum. Data on Monday showed gross domestic product (GDP) grew 4.8% in July-September, slowing from 5.2% in the second quarter and in line with analysts' expectations in a Reuters poll for a rise of 4.8%. KEY POINTS * Q3 GDP +4.8% y/y (f'cast +4.8%, Q2 +5 ...

Investor optimism in Germany’s economy improved in September, reflecting hopes that massive fiscal stimulus will pull the country out of its malaise https://t.co/K1UcVf1XlE ...

Germany will eke out meager expansion of 0.2% this year before growth strengthens to 1.3% in 2026 supported by tens of billions of euros in fiscal stimulus, according to revised government projections https://t.co/RCEf6jAIbi ...

US Economic Outlook - The Trump administration's policies aim to improve the lives of average American families, fueling market enthusiasm in the United States [1] - The US economy is experiencing a "sugar high" due to fiscal and monetary stimulus, typically seen during recessions, but occurring amidst near full employment [2] - The market has largely moved past tariff issues, but concerns related to tariffs, particularly high inflation, remain unresolved [3] - Markets are underestimating the potential for a significant increase in inflation, given pro-inflationary immigration, fiscal, and monetary policies [4]

Labor Market & Economic Data - ADP data indicates a weakening labor market, with jobs shrinking [2] - Small and medium-sized businesses are disproportionately affected by the slowdown in jobs data [3] - The market is increasingly relying on ADP data due to concerns about government economic data delays and revisions [1][5][9][10][11] - The Fed is also reportedly using private data to estimate non-farm payroll numbers [13][14] Monetary Policy & Interest Rates - Investors are pricing in a 99% probability of a Fed rate cut in October, driven by the ADP report [2] - The market anticipates multiple rate cuts to prevent a rapid increase in the unemployment rate [8][17] - Yields are declining in response to the ADP report and expectations of Fed rate cuts [2][7][17] Market Outlook & Investment Strategy - Wall Street remains generally bullish on the stock market despite the labor market slowdown [4] - Goldman Sachs views a slowdown in the labor market as the biggest risk to the economy [4] - Uncertainty, such as tariff uncertainty, is putting downward pressure on yields [16]

By Divya Chowdhury MUMBAI -Some of the world's biggest investors are looking beyond a boom in artificial intelligence to longer-term spending by governments tackling geopolitical, technological and demographic pressures set to reshape markets over the next few years. Asset managers are spreading bets across infrastructure, energy transition, healthcare and defence, to capitalise on fiscal stimulus from governments, even as Wall Street debates whether the AI-powered rally in stocks is sustainable. As c ...

Euro-area equities are expected bounce back into 2026, helped by an inflection in earnings as fiscal stimulus kicks in to the economy https://t.co/k5Is6p6rrL ...

Group 1 - The former German Finance Minister, Christian Lindner, expressed caution regarding the merits of fiscal stimulus in the short term [1] - Discussion included the impact of tariff politics on the macroeconomic environment in Germany [1] - The conversation aimed to assess how the implementation of fiscal stimulus could benefit the bank [1]