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GLOBAL ECONOMY-Big manufacturing economies struggle as US tariffs hit order books
Euro zone factory activity stagnated in OctoberAsia's manufacturing hit by weak U.S. demand, Trump's tariffsChina's economy loses momentum, PMIs show slower growthBy Jonathan Cable and Sam Holmes LONDON, Nov 3 (Reuters) - The world's big manufacturing economies struggled to fire u...Reuters
Mon, Nov 3
Industrial power price support could cost Germany 4.5 billion euros, Handelsblatt reports
FRANKFURT, Nov 3 (Reuters) - German government support to ease industrial power prices could cost the state 4.5 billion euros ($5.25 billion) over three years, newspaper Handelsblatt reported on Monday, citing estimates by a state-backed advisory body. An alliance of think tanks led by German en...Reuters
Mon, Nov 3
ECB’s Kazimir: No need of adjustment in the monetary policy
European Central Bank (ECB) Governing Council member and Governor of the National Bank of Slovakia (NBS), Peter Kazimir, said during the European trading session that there is no need to alter or adjust the monetary policy as risks to inflation and the economy remain broadly balanced.
Fxstreet
Mon, Nov 3
UK factories helped by Jaguar Land Rover reopening, PMI shows
LONDON, Nov 3 (Reuters) - British factories had their strongest month in a year in October but the recovery was driven by a one-off bounce from the restart of production at carmaker Jaguar Land Rover after it was hit by a cyberattack, a survey published on Monday showed.The S&P Global Purchasing...Reuters
Mon, Nov 3
Swiss October consumer prices see third month of M/M declines
By Ludwig Burger FRANKFURT, Nov 3 (Reuters) - Swiss consumer prices saw a month-on-month decline for a third consecutive time in October, intensifying scrutiny of the country's central bank over the potential introduction of negative interest rates to stave off deflation.Among the goods and s...Reuters
Mon, Nov 3
China: Trade tensions likely weighed on October growth – Standard Chartered
Official manufacturing PMI dropped to a six-month low of 49 amid increased trade uncertainty. Production activity likely normalized after the September jump; investment may have declined further. Front-loading of exports seems to have renewed; CPI likely declined m/m on lower food and oil prices.Fxstreet
Mon, Nov 3
Euro zone manufacturing stagnates in October amid weak demand, PMI shows
LONDON, Nov 3 (Reuters) - Euro zone manufacturing activity stagnated in October as new orders flatlined and headcount fell, despite production continuing to edge higher for an eighth consecutive month, a survey showed on Monday.The final HCOB Eurozone Manufacturing Purchasing Managers' Index (PM...Reuters
Mon, Nov 3
South African factory mood sours in October
JOHANNESBURG, Nov 3 (Reuters) - South Africa's manufacturing sentiment deteriorated in October, dragged down by subdued domestic demand and sluggish exports, a purchasing managers' index (PMI) survey showed on Monday.The seasonally-adjusted PMI sponsored by South African bank Absa fell to 49...Reuters
Mon, Nov 3
