U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
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.
