S&P Global released its flash Purchasing Managers' Index (PMI) data for October, revealing a mixed but generally positive picture of economic activity in the U.S. and U.K. In the U.K., the composite PMI rose to a two-month high, indicating a modest rebound in private sector output, supported by both manufacturing and services. This suggests some resilience in the British economy despite ongoing concerns about political and economic volatility. In the U.S., both manufacturing and services PMIs also saw a rise in October, providing a key update on economic trends amid a scarcity of official government data. The data is being closely watched by investors ahead of the upcoming Federal Reserve meeting for indications of sustained economic momentum. The release of key economic indicators like the PMI often influences market sentiment and can impact investment decisions and Treasury yields.