FxWirePro: Daily Commodity Tracker - 21st March, 2022 
South Korea's Exports Hit Record High in March on AI-Driven Chip Demand 
Japan's Business Confidence Rises Despite Iran War Uncertainty, BOJ Rate Hike Expected 
Dollar Surges to Nine-Month High as Middle East Tensions Drive Safe-Haven Demand 
Oil Prices Surge to Record Monthly Highs as Middle East War Rattles Global Markets 
Asian Stocks Mixed in March 2026 Amid Iran War Fears and Tech Selloff 
Iran Strikes Oil Tanker Near Dubai Amid U.S. Threats and Ongoing Middle East Conflict 
Goldman Sachs Sees Value in European Real Estate Stocks Despite Sharp Selloff 
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.
