Japan - Nikkei services PMI 53.4 (prior 51.0) & composite 53.4 (prior 51.7)

October PMIs from Japan

Services 53.4 from September's 51.0

• 13th consecutive month of expansion
• services PMI to a more than 2-year high
• index for business sentiment rose to a fourth-month high of 55.5 from 53.3 in September
• new orders accelerated sharply

Composite PMI (includes manufacturing and services) to 53.4 also (from 51.7 in September)

• Highest in five months

This augurs well for economy momentum in Q4 for Japan