USD pressured on N.Korea’s intent to test long-range missile; Asia shrugs off softer Services PMI

Sentiment remained largely positive in Asia this morning, a look at the major equity indices shows that most of them headed north shrugging off some softer Caixin China PMI services for the month of September. Chinese PMI services slippe dto 50.6 from the previous 52.7 – the lowest of these past 21 months.

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UK Services Activity Expands Moderately In September

The UK services sector growth improved from an 11-month low in September, but the pace of expansion remained moderate as subdued domestic demand acted as a drag on activity growth. The services Purchasing Managers’ Index climbed to 53.6 in September from August’s 11-month low of 53.2, survey data from IHS Markit and the Chartered Institute of Procurement & Supply showed Wednesday.

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