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France October PMI slumps back into contraction as political uncertainty weighs on demand

France October flash services PMI 48.4 vs 50.7 expected Prior 51.2 France October flash manufacturing PMI 49.3 vs 50.5 expected Prior 50.6 France October flash composite PMI 48.4 vs 50.5 expected Prior 51.1 That's not a good sign as the French private sector falls back into contraction in October, amid political and financial concerns. Weighing on activity levels was the sharpest decline in…

CommodityOilPrice.com

Japan Weighs Gasoline Subsidy Cuts as Energy Costs Soar

The Japanese government may start reducing its financial support for retail gasoline prices from December as payments become difficult to sustain, Reuters has reported, citing unnamed sources from the ruling party in the country. Introduced in March, soon after the war in the Middle East began, subsidies for gasoline are costing Tokyo several billion dollars every month, the report said, as the…

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