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Flash PMI Update

Economy

The Nikkei Flash Japan Manufacturing Purchasing Managers' Index (PMI), published by Markit rose to its highest level in over a year and a half in October at 52.5, up from a final September reading of 51.0, with both output and new orders increasing at a faster rate. Meanwhile, faster service sector expansion in the Eurozone lifted the Flash Eurozone Composite PMI to a two-month high of 54.0, up from 53.6 in September.