India’s September manufacturing growth cools as price rises soar to 12-year high, PMI shows

India's central bank has decided to maintain its policy rate despite ongoing pressures from U.S. tariffs that are affecting the economic outlook in South Asia. This decision reflects a cautious approach as the bank signals its willingness to consider further easing in the future. This matters because it highlights the delicate balance the bank must strike in supporting economic growth while navigating external challenges.

India's stock market closed on a high note, with the Nifty 50 index rising by 0.92%. This positive trend reflects growing investor confidence and could signal a robust economic outlook for the country. As markets fluctuate, such gains are crucial for boosting investor sentiment and encouraging further investments.

In September, South Africa's manufacturing sentiment showed a notable improvement, signaling a positive shift in the sector's outlook. This uptick is significant as it reflects growing confidence among manufacturers, which could lead to increased production and job creation. As the economy continues to recover, this boost in sentiment is crucial for sustaining growth and stability in the manufacturing industry.

In September, Italy's manufacturing sector experienced a setback, slipping back into contraction. This decline is significant as it reflects broader economic challenges facing the country, raising concerns about future growth and stability. The contraction indicates that production levels are decreasing, which could lead to job losses and reduced consumer confidence. Understanding these trends is crucial for policymakers and businesses alike, as they navigate the complexities of the current economic landscape.

Spain's manufacturing sector experienced a slowdown in growth, reaching a three-month low in September. This decline is significant as it may indicate broader economic challenges ahead, affecting jobs and investment in the region. Monitoring these trends is crucial for understanding the future health of Spain's economy.

Greek manufacturing growth showed signs of slowing in September, although it still remains in positive territory. This development is significant as it reflects the ongoing challenges faced by the sector, including supply chain issues and fluctuating demand. While the growth rate may not be as robust as in previous months, the fact that it continues to expand is a positive indicator for the overall economy.

The latest Eurozone manufacturing PMI has fallen back into contraction territory, signaling potential challenges for the region's economy. This decline is significant as it reflects a slowdown in manufacturing activity, which could impact job growth and overall economic stability. Investors and policymakers will be closely monitoring these trends to gauge the health of the Eurozone economy and make informed decisions.

In September, South Africa's manufacturing sector showed signs of improvement, according to the Absa Purchasing Managers' Index (PMI). This uptick is significant as it reflects a growing confidence among manufacturers, which could lead to increased production and job creation. A stronger manufacturing sector is crucial for the overall economy, especially as the country seeks to recover from previous economic challenges.

The latest PMI data reveals that UK manufacturing has contracted at its fastest rate in five months, raising concerns about the overall health of the economy. This decline is significant as it indicates potential challenges for businesses and could impact job growth and investment. Understanding these trends is crucial for policymakers and industry leaders as they navigate the economic landscape.

The UK manufacturing PMI has dropped to its lowest level in five months, signaling a concerning trend of weak demand in the sector. This decline is significant as it reflects broader economic challenges that could impact growth and employment. Businesses and policymakers will need to closely monitor these developments to address potential repercussions on the economy.

In September, the euro zone's manufacturing sector slipped back into contraction, according to the latest PMI data. This decline is significant as it indicates a slowdown in economic activity, raising concerns about the overall health of the euro zone economy. Investors and policymakers will be closely monitoring these trends, as sustained contraction could lead to broader economic challenges.

India's central bank is set to allow local lenders to finance mergers and acquisitions, which is a significant move for the country's $40 billion deals market. This change is expected to enhance the financial landscape, making it easier for businesses to engage in M&A activities and potentially driving economic growth. It's an exciting development that could lead to more opportunities for companies and investors alike.

The UK's FTSE 100 index has reached a record high, marking a significant milestone as investors remain optimistic despite concerns over a potential US government shutdown. This surge comes as global stocks celebrate their best September performance since 2013, reflecting a resilient market sentiment. The rise in the FTSE 100 is particularly noteworthy given the backdrop of declining business confidence in the UK and a contraction in the eurozone's manufacturing sector. This positive trend in the stock market is crucial as it indicates investor confidence and economic stability, which can lead to further investments and growth.

PPE Medpro, a company linked to Baroness Mone, has been ordered by the court to repay £122 million in damages related to a PPE contract. This ruling highlights the ongoing scrutiny of government contracts and the accountability of companies involved in public health procurement, especially in the wake of the pandemic.

Greggs has announced another price increase for its breakfast meal deals and biscuits due to ongoing cost pressures. This move is significant as it reflects the broader trend of rising prices in the food industry, which could impact consumer spending and dining habits. Customers may need to adjust their budgets as they face higher costs for their favorite meals.

Gold Royalty has successfully expanded its portfolio to include 250 assets following a significant deal involving the Spanish Moon project. This expansion is crucial as it not only enhances the company's asset base but also positions it for greater opportunities in the gold market, reflecting a strong growth strategy that could benefit investors and stakeholders alike.

DuPont has announced the final results of its exchange offers for senior notes, marking a significant step in its financial strategy. This move is important as it reflects the company's efforts to manage its debt and optimize its capital structure, which can ultimately impact its financial health and investor confidence.

In response to looming tariff threats, global drugmakers are rapidly increasing their presence in the U.S. market. This move is significant as it not only reflects the companies' commitment to maintaining access to one of the largest pharmaceutical markets but also highlights the ongoing shifts in global trade dynamics. By bolstering their operations in the U.S., these companies aim to mitigate potential impacts from tariffs, ensuring they can continue to deliver essential medications to American consumers.