Oil Prices Surge as U.S.-Iran Tensions Fuel Supply Fears 
Asian Stocks Rise as Chipmakers Rally on Micron Earnings 
India Manufacturing Growth Hits Seven-Month High in September 
Gold Steady as Softer U.S. Inflation Eases Fed Rate Hike Bets 
Fed’s Hammack Says More Data Needed Before Next Rate Move 
South Korea Exports Surge 83.5% on AI Chip Boom 
Dollar Hits Three-Month High as US Treasury Yields Surge 
Fed’s Logan Signals 50 Basis Points More in Rate Hikes 
Yen Strengthens on Tokyo Inflation as Dollar Awaits US Jobs Data 
Asian Stocks Fall as US Jobs Data and Oil Risks Rattle Markets 
Add as a preferred source on Google
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.
