🔧 Manufacturing PMI: 48.5 – contraction deepens
🏗️ Construction: steady
📉 Factory Orders: -3.7%
📊 JOLTS: labor demand cooling
💼 ADP: hiring slows
📘 Fed BeigeBook: modest growth
📉 Services PMI: surprise drop
🇪🇺 ECB cuts rates
📦 Trade deficit narrows
📈 Auto sales: GM leads
🆙 Jobless claims: 7-mo. high