A preliminary manufacturing PMI for October from Japan was released today during the Asian session. The reading was slightly better than expected by investors (52.5 vs 50.5). Japanese stock market investors reacted positively to the data and Nikkei is currently surging by 2.25%.
Microsoft and Google released their earnings report for 3Q15 yesterday evening.
Both blue chips noted higher EPS and sales than markets expectations. Both companies joined majority of rising stocks yesterday but intra-day charts show lack of demand from a technical point of view.
A preliminary manufacturing PMI for October is being releases today in the afternoon (2:45 pm BST). In face of sluggish momentum in the US industry, investors will seek any change in development of manufacturing in the US in order to price timing of a rate hike more precisely.