US flash services PMI for October drops to 57.9, missing 58.0 forecast
The S&P Global flash October services PMI for the US came in at 57.9, below the 58.0 forecast, while manufacturing beat estimates at 56.0.
Trump said Kushner and Witkoff will bring a new proposal to end the war to Moscow and Kyiv this weekend.
Trump has stated that Kushner and Witkoff will travel to Moscow and Kyiv this weekend, carrying a fresh proposal aimed at ending the war. The outcome remains to be seen.
Additionally, Trump indicated that an attack on Pickaxe Mountain could occur shortly. Pickaxe Mountain is a heavily fortified underground nuclear facility being built by Iran in the Zagros Mountains, roughly 225km south of Tehran. Iran calls it a replacement centrifuge assembly plant, but international intelligence and nuclear watchdogs suspect it may contain secret uranium enrichment or storage.
There has been speculation that the Jordan strikes did not occur, and Trump appears to confirm that here.
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The S&P Global flash October services PMI for the US came in at 57.9, below the 58.0 forecast, while manufacturing beat estimates at 56.0.
Canadian retail sales rose 1.2% in August, slightly below the 1.3% forecast, with all nine subsectors posting gains.
European equities traded cautiously after Treasury yields rebounded to 5% and oil prices rose on Middle East tensions.
HTX Research published a crypto market outlook covering the 2026 U.S. midterm election period, including policy scenarios and indicators.