Middle East Oil Exports Recover as Tanker Costs Surge 
High Rates Weigh on U.S. Home Improvement Demand 
OPEC+ Keeps November Oil Output Targets Steady 
G20 Divided Over US Push to Curb Industrial Overcapacity 
US Stock Futures Rise as Weak Jobs Data Eases Fed Hike Bets 
RBI Rate Hike Bets Surge as Inflation Rises 
Fed’s Hammack Says More Data Needed Before Next Rate Move 
Asian Currencies Slide as Dollar Rises, Euro Hits 17-Month Low 
Gold Prices Steady as Markets Await U.S. Jobs Data 
Scope Warns US Debt Could Hit 160% of GDP 
Add as a preferred source on Google
Manufacturing and electronics sector in Singapore are expected to have stayed in the expansion zone during the month of October, with the Purchasing Managers’ Index (PMI) holding above the 50-point threshold mark that separates expansion from contraction in the sector.
While this can be seen as a continuation of the positive blip in the previous month, the seasonally adjusted series will show that the sector is already in expansion mode for a couple of months.
If the indices can sustain the current upward trend for some 1-2 months, then it will be safe to assume that the worst for the manufacturing sector may be behind. But much will depend on the global outlook, which is still dotted with pockets of risks.
"Time will tell but the point to note is that the manufacturing sector is probably near the end of its current down-cycle," DBS commented in its recent research report.
