Weaker than Reuters’ median forecast of 50.0 and down from final 50.3 in September. First reading below 50.0 since September 2009.
On the otherhand services PMI 52.1, up from final 49.7 in September and stronger than median forecast of 49.7.
EUR/USD sits around 1.3905, having reached session high 1.3953 in stop-fuelled early European rally. BIS and sovereign selling seen around the highs.