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The latest UK flash PMI data offered a glimmer of optimism for the economy, with Manufacturing jumping from 46.2 to 49.6 in October — its highest level in 12 months. Services rose from 50.8 to 51.1, lifting the Composite index from 50.1 to 51.1. The survey suggests business conditions are slowly improving after a soft […]
The post UK PMI composite improves to 51.1, but indicates just sluggish 0.1% GDP growth appeared first on Action Forex.
Nasdaq Futures (NQ) advances steadily toward completing the cycle that originated at the April 7, 2025 low. The index targets a fresh all-time high. This rally develops as a textbook impulsive structure. Wave (3) culminated at 25,275. Wave (4) then corrected lower and finished at 24,166.26. The 1-hour chart captures this progression clearly. The internal […]
The post Nasdaq Futures (NQ) Targeting Wave (5) Upside Within Cycle Wave from April 2025 Low appeared first on Action Forex.
Key Findings:
Comment:
Chris Williamson, Chief Business Economist at S&P
Global Market Intelligence:
“October’s flash UK PMI survey brings hope that
September was a low point for the economy from which
business conditions are starting to improve. Output
has picked up, with a particularly welcome return to
growth for manufacturing for the first time in over a
year accompanied by an upturn in demand for services,
notably among consumers. Business confidence has
also brightened slightly, job losses have moderated,
and inflationary pressures are coming back to levels
consistent with the Bank of England’s 2% target.
“However, even with a helping hand from restarted
production at JLR, the overall pace of growth signalled
by the PMI remains consistent with only sluggish GDP
growth of around 0.1%. And, while easing, jobs continue
to be cut amid a backdrop of business confidence that
remains subdued by historical standards. Goods exports
also continue to fall at a worryingly steep rate, in part
due to the global trade disruptions caused by US tariff
policy.
“Companies are clearly treading cautiously in terms of
spending, investment and hiring ahead of the upcoming
Budget, the outcome of which has the potential to once
again sway the business mood in the months ahead.”
This article was written by Giuseppe Dellamotta at investinglive.com.
Eurozone business activity accelerated in October, with PMI Composite rising to a 17-month high of 52.2 from 51.2, signaling the strongest expansion since mid-2024. The pickup was driven by services, where PMI Services index jumped from 51.3 to 52.6, a 14-month high, while Manufacturing finally edged up to the neutral 50.0 mark after months of […]
The post Eurozone PMI composite hits 17-mont high, services lead while France drags appeared first on Action Forex.
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