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US futures are up as the SMI shows signs of recovery, with anticipation building for US labor market data. In China, the Caixin/S&P Global PMI for manufacturing improved in October, indicating a gradual economic recovery, though the labor market remains pressured. Economists suggest that boosting household disposable income is crucial for achieving China's 2024 growth target. The Shanghai Stock Exchange rose 0.6%, while major companies in Shanghai and Shenzhen saw a 0.9% increase.
The SMI index shows signs of recovery, buoyed by demand for UBS and Swisscom, while Geberit faces challenges. Oil prices have surged amid escalating tensions in the Middle East. In China, the Caixin/S&P Global PMI for manufacturing indicates a gradual economic recovery, though the labor market remains strained, highlighting the need for policies to boost household income to meet 2024 growth targets. The Shanghai Stock Exchange rose 0.6%, with major companies in Shanghai and Shenzhen up 0.9%.
The SMI showed resilience amid a technical recovery, while UBS and Polypeptide faced declines, and Tecan experienced pressure. In China, the Caixin/S&P Global PMI for manufacturing improved in October, indicating a gradual economic recovery, though challenges in the labor market and subdued prices persist. Achieving the 2024 growth target hinges on boosting consumer demand and household disposable income, according to economist Wang Zhe. The Shanghai Stock Exchange rose 0.6% to 3,299.61 points, with major companies' index up 0.9% to 3,924.96 points.
The SMI is up in pre-market trading, while Wall Street faces pressure following disappointing tech results. Estee Lauder's shares have plummeted due to weak business in China, despite a rise in the Caixin/S&P Global PMI for manufacturing, indicating a slow economic recovery. Economists suggest that achieving China's 2024 growth target hinges on boosting consumer demand and household disposable income. The Shanghai Stock Exchange rose 0.6%, with major companies in Shanghai and Shenzhen gaining 0.9%.
The Swiss stock market showed broad recovery at the week's end, with Lonza and Logitech seeing increased demand, while oil prices rose significantly. In China, the Caixin/S&P Global PMI for manufacturing improved in October, indicating a slow economic recovery, though challenges remain in the labor market and consumer demand. The Shanghai Stock Exchange rose 0.6%, reflecting positive sentiment among major companies.
Wang Zhe
People
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Swiss stock market rebounds as China's manufacturing sector shows signs of recovery
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