Latest data released by Markit/CIPS – 23 November 2021
However, the standout detail in the report is that the latest increase in average cost burdens was
the fastest since this index began in January 1998.

Not much indication just yet that OPEC+ will respond to the anticipated SPR release by US and its allies
There was talk earlier in the day that going into next week’s meeting but reputable oil journalist, Amena Bakr, has said that there hasn’t been any word that the bloc is planning to „change“ output policy

Remarks by German chancellor, Angela Merkel
here

The outlook is changed to negative as well
This follows a downgrade to Aoyuan from B1 to B2 on 5 November, with Fitch also having downgraded the property developer last week as mentioned .

Bundesbank comments on the German economy in its monthly update
Nothing out of the ordinary from their remarks and it reaffirms the view that inflation pressures are still at strong levels and likely to keep that way going into the early stages of next year, with policymakers hoping for things to calm down by 2H 2022.

The Thanksgiving holiday in the US falls on Thursday
And with all the major data flow to hit on Wednesday, there won’t be much to really observe on Friday as well – not least with many North American traders likely to take an extended break through to the weekend as well.

Jiji Press reports on the matter
The Japanese central bank is said to be considering tweaking the funding programmes in which it channels funds to firms hit by the pandemic via financial institutions.

Over the past week the US administration has been in discussions with other countries over releasing oil from reserves:
The US has approached China, Japan, India, South Korea 

First stop, the unreliable girlfriend
Heading into the last November Bank of England meeting investors were fully pricing in a 15bps hike to 0.25% with a further four 25bps being priced in for 2022. However, in a surprise to rate markets, the Monetary Policy Committee voted by a majority of 7-2 to maintain the Bank Rate at

Central bank rundown
Good morning, afternoon and good evening one and all! It’s time for your central bank catch up. So, if you have been out of the loop, or just want a quick refresher, then grab a coffee and let me get you up to speed. We will look at the remaining four major central