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While the Labor Department released a report on Thursday showing that first-time claims for U.S. unemployment benefits fell for the third consecutive week, claims still came in slightly above economist estimates.The report said initial jobless claims dipped to 340,000 in the week ended October 26th, a decrease of 10,000 from the previous week's unrevised figure of 350,000.
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China's official manufacturing purchasing managers' index came in with a score of 51.4 in October, the government said on Friday.
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Switzerland's industrial growth slowed more-than-expected in October, following an improvement in the previous month, results of a survey showed on Friday.
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China's manufacturing growth hit an 18-month high in October as firms stepped up production, in a sign that the economy is gradually stabilizing, a survey by the China Federation of Logistics and Purchasing and the National Bureau of Statistics revealed Friday. The purchasing managers' index, a measure of factory sector performance, rose to 51.4 in October from 51.1 in September.
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Activity in the U.S. manufacturing sector unexpectedly expanded at a slightly faster rate in the month of October, according to a report released by the Institute for Supply Management on Friday. The ISM said its purchasing managers index inched up to 56.4 in October from 56.2 in September, with a reading above 50 indicating an increase in manufacturing activity.
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The British economy will likely expand at a faster pace than estimated earlier on improved business investment and exports, and is set to remain steady through 2015 and beyond, a report from the Confederation of British Industry (CBI) revealed Sunday.
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China's non-manufacturing sector expanded at a faster pace in October, a combined survey by the China Federation of Logistics and Purchasing and the National Bureau of Statistics revealed Sunday.
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Australia will release a batch of economic data on Monday, highlighting a modest day for Asia-Pacific economic activity.
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The Australian central bank is set to keep its key rates unchanged at a record low 2.50 percent for the third consecutive time on Tuesday, as most reports released today suggested positive momentum in the economy. The Reserve Bank of Australia has reduced the cash rate by a cumulative 225 basis points since November 2011.
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The monetary base in Japan climbed 45.8 percent on year in October, the Bank of Japan said on Tuesday - standing at 186.868 trillion yen.
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