European Stocks Rise as Markets Await Key U.S. Inflation Data 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
In October 2024, China's economy showed mixed results in two key areas: industrial production and retail sales.
Industrial Production:
Growth was at 5.3% compared to last year's, which was lower than the expected 5.5% and a slight drop from 5.4% in September.
The slower growth is mainly due to weak local demand and lower spending. Although some parts of manufacturing are doing okay, overall industrial activity is struggling because of international problems and low domestic consumer spending.
Retail Sales:
Retail sales, on the other hand, increased by 4.8% year-on-year, much higher than the predicted 3.8% and a rise from 3.2% in September.
This boost in retail is largely due to the Golden Week holiday, which encouraged more spending, as well as recent government efforts to stimulate consumer habits.
Summary:
The economic data shows that while retail sales are strong, industrial production is not meeting expectations. This mixed performance highlights the need for government policies to improve local demand and support the manufacturing sector amid ongoing difficulties.
