Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
Australian Household Spending Rebounds Strongly in May as Travel and Dining Drive Consumer Growth 
Trump Requests $11 Billion More in Farm Aid as Rising Costs Pressure U.S. Farmers 
Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
The manufacturing sector in Russia hit a 4-month high during the period of October, as businesses recorded marked increases in production, new orders and outstanding business.
The seasonally adjusted Markit Russia Manufacturing Purchasing Managers’ Index (PMI ), a composite single-figure snapshot of the performance of the manufacturing economy, rose to a four-year high of 52.4 in October. Up from 51.1 in September, the latest figure was indicative of a solid upturn in Russia’s goods-producing sector.
Inflationary pressures continued in Russia’s manufacturing sector in October, as firms reported a rise in both average cost burdens and selling prices. Although input costs rose at a faster pace, output charge inflation eased from September and was comparatively subdued.
Meanwhile, buying activity at Russian manufacturing companies rose at the sharpest pace in just under four years. However, levels of input stock declined further.
"The latest figure was indicative of a solid improvement in operating conditions and a clear sign that the sector may finally be making a sustainable recovery," said Samuel Agass, Economist, IHS, Markit.
