The Eurozone Composite #PMI pointed to the sharpest decline in private sector activity for nearly 3 years in October (46.5; Sep: 47.2), leading firms to cut staff for the first time since early-2021. Read more: ow.ly/N1L550Q4qK2 Hamburg Commercial Bank Economics #eurozone #trading

Business activity across Australian SMEs fell at the start of Q4, according to the latest Judo Bank SME Business Activity Report data. The seasonally adjusted Judo Bank Australia SME Business Activity Index posted 47.6 (Sep: 50.0). @judo_bank Read more: ow.ly/acFR50Q4QUP

Risk appetite has returned according to S&P Global’s Investment Manager Index #IMI, which showed the highest ‘risk-on’ sentiment since December 2021. #market #SP500 $SPX (1/3) ow.ly/au3V50Q54WP

The biggest change in November is an easing in the perceived drag from central bank policy, which is now at its weakest for two years amid growing conviction that interest rates have peaked. #IMI #centralbank #rates (2/3)

Bullish views prevail for five out of 11 sectors, with energy reclaiming the top spot from healthcare in the latest #IMI survey. #energy #IT #financials (3/3)

🇯🇵 The S&P Global Japan Business Outlook survey for October showedfading optimism among private sector companies towards several measures. The net balance was down from +30% in June to +22%, its lowest since June 2020. (1/3) ow.ly/Jx4050Q7KpJ Read more:

Besides signalling predictions of a slower increase in output in the year ahead, Japanese companies trimmed their #job creation plans amid #labour scarcity and expected loss of growth momentum. (2/3)

"With non-staff and staff cost inflation expected to stabilise, price-setting behaviour at manufacturers and service providers were little-changed since June when the survey was last conducted."- Pollyanna De Lima, Economics Associate Director. (3/3)

ASEAN’s manufacturing sector slipped back into contraction territory during December with 4 of 7 monitored nations noting weaker conditions. Details here: bit.ly/3H4F3PC

Japanese equities emerged as the favourite for money managers in the latest IMI survey, but the deviation we are seeing between the Nikkei 225 and Japan PMI output index suggest that things may be getting a little heated at present. $NKY bit.ly/IMIsurvey

Central bank meetings to offer some support for markets next week? ✂️ spglobal.com/marketintellig…

Singapore Whole Economy PMI showing solid improvements at start of 2024, with wholesale & retail sector leading the expansion in activity. Price pressures one to watch... bit.ly/SGPMIJan24

Also stronger expansion seen in Japan's services sector, leading to a renewed rise in Japan's private sector economy. A positive one for the Nikkei 225 $NKY. bit.ly/3HIgFDH

Cooling inflation and stagnating private sector activity, as signaled by flash PMI data in February, outline reduced pressure here for the Bank of Japan to move. #inflation #boj #japan Detailed thoughts here - bit.ly/3OOh5fp

Sunday start ☀️ spglobal.com/marketintellig…

BOJ preparing to end negative interest rate policy at March meeting, Jiji reports reuters.com/markets/asia/b…

And it's back to data watching after the series of central bank meetings this week. #inflation #markets #PMI Week ahead preview and flash PMI recap here - spglobal.com/marketintellig…

📊🌍 Central bank meetings in eurozone & Canada, key inflation updates in US & China, FOMC meeting minutes release, UK GDP figures and April's US Investment Manager Index (IMI) by S&P Global. #weekahead spglobal.com/marketintellig…

Main data releases this week will provide further important clues towards central bank policy, and in particular add to speculation as to when US and European policymakers may start to pivot to lower rates. #weekahead Preview the week with us: okt.to/VYJRNx

Starting the year with our #Singapore #PMI, sharing the latest growth and inflation insights just ahead of the US Presidential Inauguration. Full article: spglobal.com/marketintellig…