Colombia and Ecuador Trade War Escalates With Retaliatory Tariffs 
Bank of America Maintains Forecast for Two Fed Rate Cuts in 2026 Despite Inflation Risks 
Middle East Conflict Threatens Global Economic Stability, World Bank Warns 
China Set to Exit Deflation Cycle in Early 2026, ANZ Analysts Say 
Trump Slams Iran Over Strait of Hormuz Oil Restrictions Amid Fragile Ceasefire 
BCA Research Warns U.S.-Iran Ceasefire Could Collapse, Maintains Cautious Equity Outlook 
Foreign Investors Pour $18.65 Billion into Japanese Stocks Amid Market Stabilization 
White House Warns Staff Over Insider Trading Amid Suspicious Oil Market Bets 
Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes 
U.S. Futures Plunge as Iran Ceasefire Talks Collapse and Hormuz Blockade Looms 
The Markit manufacturing PMI declined to 52.6 in the November flash estimate, coming in below consensus expectations (54.0), as the headline index slid to the lowest level since 2013. Output declined to 54.6 (previous: 55.6), with new orders (53.1, previous: 55.6) and employment (51.9, previous: 53.2) also lower on the month. The export orders index fell below the neutral mark for the first time in three months (49.5, previous: 51.8).
"November release shows broad softness across US manufacturing activity and brings the Markit series closer in line with the ISM manufacturing index, which has indicated stagnant conditions for the past several months. With the trade-weighted dollar at the highest levels in over a decade, the headwinds facing US manufacturing have yet to subside", says Barclays.
