Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
China's manufacturing sector may have slipped into a contractionary phase in October following two months of expansion, according to Nomura.
The bank forecasts HSBC's flash Purchasing Managers' Index (PMI), which is due out on Thursday, slipped to 49.8 in October, below the key 50-mark which separates expansion from contraction. Last month, the final HSBC PMI reading came in at 50.2 – significantly below the flash estimate of 51.2.
"We think growth momentum has slowed in September as evidenced by the headline activity indicators such as exports and industrial production. The slowdown is due to weak demand and rising interest rates," Zhiwei Zhang, chief China economist at Nomura told CNBC, referring to the rise in three-year government bond yields, which have climbed to around 3.9 percent from 3 percent just four months ago.
(Read more: China's home price rises don't tell the whole story)
HSBC's flash PMI will be the first economic indicator for the fourth quarter, during which many economists expect growth momentum in the world's second largest will slow as the temporary boost from the government's stimulus measures unveiled in late-July peters out.
Nomura, for example, believes China's gross domestic product growth will slow to 7.5 percent on-year in the October to December period, from 7.8 percent in the previous three months.
However, not all economists are quite as pessimistic in their outlook for the country's manufacturing sector. While they did not have a precise forecast for the flash PMI, China economists at ANZ and RBS expect the index to remain above the 50 threshold in October.
(Read more: Is inflation a new risk for China's economy?)
"I think it will remain above 50 in the coming release given the growth momentum that we've seen in the third quarter," said Raymond Yeung, senior economist at ANZ.
Louis Kuijs, chief China economist at RBS said there could be an improvement in manufacturing activity in October following "a dip in the global trade cycle" in September as illustrated by weak export data from China, South Korea and Taiwan.
"We are witnessing a gradual improvement in demand from high income countries, this will help Asia's manufacturing sector," Kuijs said.
— CNBC's Ansuya Harjani; Follow her on Twitter @Ansuya_H