(Bloomberg) Manufacturing activity in Asia slumped again in October as conflict in the Middle East drove oil prices higher, costs rose and global demand remained under pressure. Most Read from BloombergImmigrants Are Leaving Canada at Faster Pace, Study ShowsIsrael Latest: Blinken Returning to Israel; Refugee Camp HitZillow Plunges After Verdict on Real Estate Brokerage CommissionsSaudi Forces on Alert After Clash With Iran-Backed HouthisSony’s Bungie Game Unit Cut 8% of Staff After ‘Destiny’
Manufacturing activity in Asia slumped again in October as conflict in the Middle East drove oil prices higher, costs rose and global demand remained under pressure. Most countries across the region reported pressures from cost inflation, shrinking output and new orders, according to manufacturing purchasing managers’ indexes published Wednesday by S&P Global and au Jibun
LME and SHFE base metals closed mostly with gains as the US dollar closed the night session with gains. The current focus of the market is on the US November rate hike meeting.