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The Week·Nov 1, 202645 signal

Abrupt halt to ‘never-ending’ cruise

The idea was irresistible: sell up, move on to a luxury cruise ship and spend the rest of your life seeing the world.But for some of the passengers aboard Villa Vie Odyssey, the dream of permanent escape has...

Business
investingLive·Nov 1, 202648 signal

China’s factory and services PMI gauges both drop below 50 as fourth quarter starts on a weak note

Because the data came out on a Saturday, Monday’s Asian session is the first chance for markets to price the miss. Softer Chinese factory demand is usually a headwind for industrial metals such as copper and iron ore, and for China-sensitive currencies including the yuan and the Australian dollar. Chinese equities may be partly cushioned by expectations of more policy support. For oil, a weaker demand signal from a key crude buyer would normally weigh on prices, but for now it is likely to be overshadowed by supply risk in the Strait of Hormuz. Price sub-indices that are easing but still elevated also weaken the case for reading the release as disinflationary.

EconomyPMI