Economic Indicators - The October preliminary manufacturing PMI came in at 52.2, slightly above the expected 52 and marking the best performance since August of this year [1] - The services PMI reported at 55.2, significantly higher than the expected 53.5 and also up from the previous month's 54.2, representing the best reading since July when it was 55.7 [2] - The composite PMI reached 54.8, exceeding the September final read of 53.9 and noted as the best since July of 2025 [3] Inflation and Interest Rates - The Consumer Price Index (CPI) was cooler than expected but still above the Federal Reserve's 2% target, with the 10-year yield settling at 4% and the 2-year yield at 3.48% [3][4] - Yields have increased over the week, indicating a potential shift in market expectations regarding interest rates [4]

Core Insights - The preliminary value of France's Manufacturing PMI for September 2025 is reported at 48.1, significantly lower than both the previous value of 50.4 and the forecast of 50.1, indicating a contraction in the manufacturing sector [1]. Group 1: Data Overview - The PMI is a key macroeconomic indicator that monitors and predicts economic activity across various sectors, including manufacturing and non-manufacturing [1]. - The data is released by the market research firm Markit, which surveys purchasing managers from 750 companies in manufacturing, construction, and/or services in France [2]. - The next release date for the PMI data is scheduled for October 24, 2025 [3]. Group 2: Market Impact - The reported PMI data is expected to have a negative impact on gold, silver, and crude oil prices, as well as the euro [1].