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Inside Binance Founder Changpeng Zhao’s Life After Prison
Canada Manufacturing Grows More Modestly in September
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US Benchmark 10-Year Yield Briefly Hits Highest Since 2002
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French 5-Year Credit Default Swaps Reach Multi-Year High
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Enerflex spikes on 450 MW data center power contract
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U.S. Jobless Claims Fall for the Fourth Straight Week
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Chicago Fed Reports U.S. Unemployment Rate at 4.1% for September
FTSE 100 today: Stocks fall as gilt yields top 6%, U.S.-Iran standoff drags
American Battery Technology stock surges on export approval
US weekly jobless claims fall; layoffs drop in September
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US Initial Jobless Claims Slip to 197,000, Lowest Since July
The Payments Association Acquires European Sister Organization
China's Manufacturing PMI Rises to 52.1 in September
China's private sector manufacturing Purchasing Managers' Index (PMI) increased to 52.1 in September, surpassing analysts' expectations of 51.6 and up from the previous month's reading of 51.5. This positive shift indicates a strengthening in the manufacturing sector, which is crucial for the country's economic performance.
The PMI is a key indicator of the economic health of the manufacturing sector, with a reading above 50 signifying expansion. The latest figures suggest that manufacturing activity in China is gaining momentum, potentially reflecting improved demand and production capabilities as the country approaches its national holidays.
In addition to the manufacturing PMI, the services sector is also being closely monitored, with expectations set at 51.1 for September, slightly down from 51.4 in August. These indicators provide insight into the overall economic landscape in China, which is vital for global markets.
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Source: KLEA News