Morning Brief – November 03, 2026 by CareEdge Ratings
Global
• US manufacturing activity continued to expand in October, although the S&P Global Manufacturing PMI was revised down to 54.9 from an initial estimate of 56 and compared with 55.9 in September.
• S&P Global Canada Manufacturing PMI fell to 49.6 in October from 51.5 in September, signalling the first contraction in 2026 so far.
• S&P Global UK Manufacturing PMI rose to 52.8 in October from 51.9 in September, matching forecasts and reaching its highest level since May.
Domestic
• India’s Manufacturing PMI fell to 54.7 in October from 55.1 in September, indicating that factory activity continued to expand, although at a slower pace.
• India and EU discussed preparations for implementing FTA, along with measures to improve market access, simplify customs procedures and strengthen supply chain cooperation.
• Prime Minister Narendra Modi said India's economic growth is strong despite the ongoing West Asia crisis, and the country is set to add about 500 GW of renewable energy capacity over the next 10-11 years
Global Indicators
Equity and Currency Markets – Domestic
FPI and MFs Investment Flows - Domestic
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