Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Trump to Ease U.S. Fuel-Economy Standards 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
China Consumer Stocks Near Decade Lows as AI Shares Surge 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Fed Unveils Stablecoin Rules Under GENIUS Act 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Add as a preferred source on Google
Overview of Asia's Manufacturing Activity in October
Asia's manufacturing activity experienced stagnation in October, as a rebound in China failed to significantly uplift regional factories, according to private surveys. This presents a worrying trend for policymakers amid escalating U.S.-China trade tensions.
IMF Concerns Over Economic Risks
The International Monetary Fund (IMF) has highlighted increasing risks to Asia's economic outlook, citing trade fragmentation, issues within China's property sector, and potential market turbulence.
Regional Factory Activity Trends
Factory activity shrank in Japan and South Korea, driven by weak domestic demand and slowing growth in key markets, including the U.S. and Europe. Japan's final au Jibun Bank manufacturing PMI dropped to 49.2 in October from 49.7 in September, marking the fastest contraction in three months. Similarly, South Korea's PMI remained at 48.3, signaling a second consecutive month of decline with output hitting a 16-month low.
China’s Manufacturing Rebound
In contrast, China's manufacturing activity rebounded to growth in October, buoyed by several stimulus measures from Beijing aimed at revitalizing the fragile economy. The Caixin/S&P Global manufacturing PMI rose to 50.3, surpassing analysts' expectations and indicating stabilization for the first time since April.
Challenges Ahead
Despite these positive indicators, Krishna Srinivasan, the director of the IMF's Asia and Pacific Department, cautioned that deflation risks in China are rising, necessitating further reforms in its property sector and a shift towards a consumption-led economic model.
