WuBlockchain Weekly Outlook | U.S. Payrolls Drive Rate Pricing as China, Japan and Europe Update the Global Macro Picture - Substack

Verified as of September 26, 2026 (ET) | Coverage period: September 28–October 4, 2026 (ET) Tuesday, September 29, 9:30 p.m. ET | China’s September Manufacturing, Non-Manufacturing and Composite PMIs China’s manufacturing PMI stood at 49.8 in August, while the non-manufacturing business activity index fell to 49.0 and the composite output index registered 49.5. The September releases will show whether the recovery in factory demand is spreading to services and construction. A return to expansion alongside stronger new orders would support the yuan, industrial metals and Chinese equities. Another set of sub-50 readings would reinforce expectations for additional policy support. Wednesday, September 30, 7:50 p.m.