If there is a clear winner on the economic data calendar today its the China ‘Rating Dog’ PMI! Have you ever heard a better name for an economic data point?
This is the private survey services PMI. We’ve already had the official PMIs from China for October:
China official manufacturing PMI (October) 49.0 (expectd 49.6) services 50.1 (expected 50)
and the private manufacturing PMI (also a Rating Dog):
China private survey manufacturing PMI (October 2025) 50.6 (expected 50.7)
Today’s services PMI is expected to have dipped a little from September but to have remained solidly in expansion.
–
Ahead of this are jobs data from New Zealand. There are concerns about slow growth in New Zealand, even as the Reserve Bank of New Zealand has eased rates (and are expected to ease further) that’ll be reflected in an expected tick up in the unemployment rate.
From the Bank of Japan we’ll get minutes of the September meeting. The meeting created some shock waves with two dissenters seeking an immediate rate rise. From the day:
investingLive European markets wrap: Yen fades BOJ gains; dollar firms, stocks tentative
We had the “Summary of Opinions” from this back on September 30.
This article was written by Eamonn Sheridan at investinglive.com.