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A state survey returned its strongest reading since March, while a private poll signaled the sector expanded at its fastest rate in three years.
Services make up about 90% of the US economy, and the October surge offsets continued losses in the country's manufacturing sector.
New export orders led the fall — a sign that Trump's trade war has further damaged China's export economy.
As Mario Draghi finishes his tenure as ECB president, Europe's economy looks to be stagnating.
IHS Markit said it was "the steepest downturn for nearly seven years" and the data was "sending increasingly grim signals for the fourth quarter."
Global markets are rallying after Chinese industrial data smashed predictions to paint a rosier-than-expected picture of the world economy.
German manufacturing just slumped to the lowest level since the financial crisis — and it’s a major warning sign for the global economy
German PMI data slumped to its lowest levels since the financial crisis showcasing the growing problems at the heart of the country's economy.
Trump’s combative State of the Union ‘left traders empty-handed’ — markets are mixed as investors await GM earnings, Fed
US futures were lower Wednesday morning; traders had little to digest in the State of the Union address and were awaiting new comments from the Fed.
China has been throwing all sorts of stimuli at its slowing economy to counteract President Donald Trump's trade war. In the long term, it could work.
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