• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Preliminary PMIs and Wall Street earnings mark the last session of the week

FinanceInternationalXTB.com40 s readAI summary
Image: XTB.com

Markets face the last session of the week awaiting October's preliminary manufacturing and services PMIs in Europe and the US, which will signal how economies are coping with higher rates and fourth-quarter demand. In Asia, Japan's September CPI inflation accelerated to 2.1% year-on-year and its preliminary manufacturing PMI fell to 53.3. In Australia, the services PMI dropped to 47.8. American Express reports earnings before the open.

In 40 seconds

  • October's preliminary PMIs in Europe and the US dominate the session, with greater volatility expected in EUR/USD, GBP/USD, the DAX, the S&P 500 and the Nasdaq.
  • Japan's CPI inflation rose to 2.1% year-on-year in September and its preliminary manufacturing PMI fell to 53.3, below the 54.5 consensus.
  • Australia's preliminary services PMI fell to 47.8 from 51.9 the previous month.
Read the full story at XTB.com

IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.

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