PMI
Samvat 2083 begins: Will the good times roll for Indian businesses?
Samvat 2083 begins with Indian businesses entering the new year on a note of cautious optimism. Strong GST collections, festive demand and the RBI’s upgraded FY27 growth forecast point to economic resilience. But weak hiring, easing manufacturing momentum, food inflation and crude oil risks cloud the outlook. Sustained private investment and stronger corporate earnings will determine whether growth creates jobs.
Russia's service sector stagnates, output rises marginally in October
Russia's service sector showed minimal growth in October, with a decrease in orders for the first time in three months. New businesses also fell, indicating a concerning trend amid declining export demand. Employment exhibited a marginal increase after a prolonged period of job cuts across the economy. Input cost inflation rose as firms adjusted selling prices to manage higher costs.
Gold rises after biggest daily gain since August, with US payrolls in focus
On Thursday, gold prices increased partially due to a declining US dollar, building on a strong daily surge prior. Spot gold's elevation followed reactions to the US midterm elections while investors eyed potential shifts in policy. Anticipation about the forthcoming non-farm payrolls report could influence Federal Reserve decisions, with Citi predicting a rise in gold should geopolitical tensions reduce.
New orders & robust demand lift India's October services growth to 4-month high
Growth in India's services sector increased to a four-month high in October due to strong domestic demand and business orders. The HSBC Services Business Activity Index rose to 55.8, reflecting improved business conditions. Conversely, manufacturing activity showed a slight decline, easing to a PMI of 54.7. While input prices continued to rise, the rate of increase was the slowest in over six years.
China Services PMI slows to three-month low; what lies ahead for Chinese stocks?
China’s services sector expanded at its slowest pace in three months as rising costs and intense competition squeezed margins. The weaker PMI and declining business confidence may weigh on Chinese equities, although sustained growth in export orders offers some support.
India's services growth accelerates to 55.8 in October, cost pressures ease to six-year low
India's services sector activity expanded at its fastest pace in four months in October, with the HSBC India Services Purchasing Managers' Index (PMI) rising to 55.8 from 55.2 in September, while input cost inflation eased to its lowest level in more than six years, according to data released by S&P Global on Wednesday.
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Gold firms on softer oil prices, US midterm results awaited
Gold prices experienced a modest uptick in early Asian markets, spurred by a decline in oil prices that has helped ease inflationary concerns. This shift is shaping investor expectations around potential actions from the Federal Reserve. Attention is also focused on the US midterm election outcomes, which could influence market volatility, while India's gold demand faces a projected six-year low amidst high prices affecting sales.
Dollar under pressure as oil prices slump, Australia rate decision awaited
The dollar experienced fluctuations as oil prices dropped amid potential US-Iran diplomatic developments. Meanwhile, the Reserve Bank of Australia is expected to announce an interest rate hike this week. Central banks in Britain, Norway, and Sweden are also set to provide policy statements. The Australian dollar remains steady as economic indicators suggest mixed growth. Market sentiment is influenced by ongoing AI-related stock market concerns and upcoming US midterm elections.
Why are 10-year Treasury note, yield on 30-year bond down ahead of November 3 Election Day after hitting highest levels in October? Details here
US Yields on benchmark 10-year notes and 30-year bonds were eyeing their third decline in a row as investors also awaited the November 3 US midterm elections.
Manufacturing activity eases in Oct as new order growth drops
Manufacturing activity in India experienced a slowdown in October, decreasing from the previous month's growth. Despite this, the sector remained above its long-run average due to stronger international demand. A survey indicated that nearly 18% of manufacturers anticipated increased output over the next year, supported by fresh client inquiries.
US manufacturing strengthens in October, input prices stay high
US manufacturing activity accelerated in October, with the ISM manufacturing PMI rising to 55.5 from 54.5 in September, beating Reuters-polled economists' expectations. Strong consumer and AI-related business spending supported growth, but factory input prices remained elevated at 75.2, reinforcing concerns that US inflation could stay above the Federal Reserve's 2% target.
US manufacturing picks up in October; input prices stay high
US manufacturing activity experienced growth in October due to solid domestic demand and increased business spending in AI. The manufacturing PMI rose to 55.5 from 54.5 in September, indicating ongoing growth in this sector. Domestic demand showed the strongest pace of growth in over five years during the third quarter. However, inflation remains a concern amidst supply challenges and high input prices.
Why are US stock futures rising today? Dow Jones, S&P 500 and Nasdaq rebound, but will midterm elections hit Wall Street? Apple, Nvidia, Intel and AMD to watch
US stock market today: A day before the midterm elections, Wall Street is trying to bounce back. Dow futures are up 0.60% at 52,229, S&P 500 futures 0.53% at 7,654.50 and Nasdaq futures 0.84% at 28,773.50. Intel fell nearly 29% in its last session, and AMD, which reports Tuesday, lost 11%. Apple reports today and is seen as safer. Nvidia is up 1.41% premarket.
India’s manufacturing output dominated by large factories, while smaller units lag behind
India's manufacturing sector is highly fragmented, with large factories significantly outpacing small units in productivity and output. While large establishments employ most industrial workers and generate high GVA, smaller units remain burdened with debt. The productivity gap is exacerbated by limited access to technology and training for smaller factories. Additionally, women workers constitute a small fraction of the overall workforce in manufacturing.
India factory growth slows in October, export orders jump, PMI shows
India's manufacturing growth slowed in October, with the HSBC Manufacturing PMI falling to 54.7 from 55.1 in September, as domestic demand and hiring weakened. However, export orders rose at their fastest pace in six months, providing some support to factory activity.
Gold lingers near one-year low as Fed hike expectations firm
Gold prices experienced a minor uptick in early trading across Asia; however, they linger near a one-year low. Persistent worries about inflation are bolstering expectations for an impending Federal Reserve rate increase this year. The recent drop in tech stocks has placed additional strain on bullion prices, prompting a sell-off in safe-haven investments. Buyers in major Asian markets, especially India and China, remain hesitant amid expectations of further price declines.
Gold price prediction: Gold rate continues to fall or will bear movement end after US midterm elections results? Experts make forecast
Gold rate forecast: US midterm elections 2026 and any escalation involving the US, Israel and Iran could play pivotal role in dictating the Gold price movement this year.
Philip Morris Q3 net revenues rise 5.5% to $11.4 billion on smoke-free, combustible growth
Tobacco major Philip Morris International (PMI) reported a 5.5 per cent YoY rise in net revenues to $11.4 billion in Q3, driven by growth in both smoke-free and combustible products, as per a company statement.
US Treasury yield on 10-year note, 30-year bond, 2-year jump again: What does this mean for US Fed interest rate?
US treasury yield on 10-year note plunged 19.3 basis points on Thursday, its biggest drop since March 10, 2023, when SVB Financial Group was closed by regulators after the bank's failed attempt to raise capital.
Private sector activity hits four month high in October
India's private sector activity experienced significant growth in October, reaching a four-month high as new orders increased. The HSBC Flash India Composite Purchasing Managers' Index rose to 56.7, signaling expansion. Manufacturing output and new orders remained stable, while services activity saw notable improvement. Employment increased slightly, although firms showed caution in hiring due to adequate staffing levels. International demand contributed to growth, with export orders expanding significantly during this period.
US Treasury yields rise but 10-year stays below 5% as AI jitters persist
US Treasury yields rise after a sharp drop in the previous session, but the benchmark 10 year yield stays below 5% as lingering AI market concerns keep investors cautious. Strong economic activity and sticky inflation remain key factors for bond markets, while expectations of a Federal Reserve rate hike next week weaken further.
US business activity cools in October; strong demand fueling price pressures
US business activity experienced a slight slowdown in October, though strong demand allowed price increases. The S&P Global Composite PMI Output Index indicated sustained economic expansion, even amid challenges. New orders received by businesses rose slightly, with the services sector seeing growth. Although price pressures persisted, employment in manufacturing increased significantly, highlighting capacity expansion. Economists anticipate further inflation concerns due to ongoing supply chain issues and geopolitical tensions.
Despite global tensions, India’s business sentiment rebounds in Q2 FY27: NCAER
India's Business Confidence Index has risen to 107.8 in the second quarter of this fiscal year. The survey included 502 companies across six major cities, reflecting both large firms and MSMEs. All four key parameters evaluated by the index showed gains when compared to the previous quarter. NCAER indicated that confidence improved in expectations of economic conditions and financial health.
India October business growth hits 4-month high; hiring stalls, PMI shows
India's business activity expanded at its fastest pace in four months through a strong services-led pickup. The Composite Purchasing Managers' Index rose to 56.7 in October, exceeding forecasts due to increased orders. Despite this growth, hiring remained stagnant as companies managed workloads with current staff. Price pressures eased, resulting in lower input-cost inflation across both sectors. Overall, business confidence improved but remained below the average for the year.
Gold heads for sharpest weekly decline in four months on Fed rate outlook
Gold prices took a hit on Friday amid strong indicators of US economic growth and climbing oil prices. Spot gold prices sank to their lowest since August, and US gold futures mirrored the drop. Positive employment figures showed a decrease in unemployment claims, hinting at stronger job growth in October.
We have invested $16 billion in R&D of less harmful alternatives for smokers: Philip Morris International’s Tomoko Iida
Philip Morris International (PMI) is offering a range of less harmful alternatives for smokers and has invested USD 16 billion in research, development and commercialization of such products, Dr Tomoko Iida, Senior Director, Scientific Engagement, South Asia, Indochina, CIS and Middle East & Africa, Philip Morris International, said.
Services activity hits 3-month high in September on demand surge
The HSBC India Services Business Activity Index rose to 55.2 in September from 54.1 in August, although it remained below the 60.9 recorded in September 2025. A reading above 50 indicates expansion in activity, while a figure below that signals contraction.
India's services sector growth at 3-month high, but quarter weakest since 2022, PMI shows
India’s services sector expanded at its fastest pace in three months in September, with the HSBC Services PMI rising to 55.2 on stronger domestic demand. However, quarterly growth was the weakest since early 2022, reflecting softer hiring and exports. Manufacturing gains lifted the Composite PMI to 55.9, signalling a moderate recovery.
Eurozone business growth hits over 3-1/2-year high despite inflation worries, PMI shows
Eurozone business activity experienced significant growth in September due to strong demand despite inflation concerns. The S&P Global Eurozone Services PMI and composite index reflected this growth, reaching high levels not seen in several months. Strong performance was observed in Spain and Ireland, along with an accelerated recovery in Germany. Inflation pressures increased, raising speculation on potential European Central Bank interest rate hikes.
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