Article by ForexTime
In the week ahead, flash PMI (Purchasing Managers Index) from major economies will be released and will give investors some insight into global economic trends for the third quarter.
On Tuesday, the release of flash PMI data for China will indicate whether manufacturing growth continued to slow at the end of the third quarter. Last month, survey data disappointed and official data showed industrial output growth slipping to a post-crisis low. Any positive signals from the survey data would represent welcome news to the Chinese authorities, who launched a mini-stimulus plan earlier in the year and took measures to boost banking sector liquidity in September in an attempt to meet their 7.5% growth target for the year.
On Wednesday the Markit/JMMA Flash Japan Manufacturing PMI is released.
On Thursday, a series of key data are out of the US which include durable goods orders data, initial jobless claims, updated building permits numbers and the Markit Flash Services PMI.
Other important data to look out for from the US will be gross domestic product (GDP) figures on Friday which will be an update on second quarter GDP. Followowing this is the Reuters/Michigan Consumer Sentiment Index.
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