FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data 
Asian Markets Surge as Japan Election, Fed Rate Cut Bets, and Tech Rally Lift Global Sentiment 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
The United Kingdom’s manufacturing sector started the final quarter of the year on a solid footing. Production and new order volumes continued to rise at robust rates, as companies benefited from strong domestic market conditions and rising inflows of new export business.
The seasonally adjusted IHS Markit/CIPS Purchasing Managers’ Index (PMI) registered 56.3 in October, up from 56.0 in September (revised from the original reading of 55.9). The headline PMI has now signaled expansion for 15 consecutive months. Responses from the latest survey were collected between October 12-26.
UK manufacturing production rose at an identically solid pace to that registered in the prior survey month during October. The expansion was broad-based by sub-sector, with consumer, intermediate and investment goods producers all registering output growth.
"The continued robust health of manufacturing and rising price pressures will help cement expectations of the Bank of England hiking interest rates for the first time in a decade as Thursday’s announcement approaches," said Rob Dobson, Director at IHS Markit.
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