Aoyuan downgraded from ‚B-‚ to ‚CCC-‚
For some context, Aoyuan has $188 million bonds maturing on 20 January 2022 and $500 million bonds maturing on 22 January.

Latest data released by CBI – 24 November 2021
CBI notes that:
On price expectations, CBI’s measure (which gauges price expectations in the next three months) jumped from 59 in October to 67 – the highest since May 1977. And that is reflective of global supply chain issues in light of strong demand conditions too.

Remarks by ECB executive board member, Fabio Panetta
– Continued monetary stimulus is necessary
– Premature tightening of policy could turn supply shock into prolonged recession
Some light acknowledgment that economic conditions are facing stronger headwinds but the part of inflation is consistent with the messaging that policymakers have been maintaining for a while now i.e. that it

Further remarks by Haskel
I would take that as a nod towards being suggestive of a rise in the bank rate. Then again, the BOE has disappointed the market quite heavily at the start of the month that it is hard to take these words at face value.

Remarks by BOE policymaker, Jonathan Haskel
The headline remark is trying to justify any rate hikes at this point in time as being not an anomaly but part of some consequence resulting from the pandemic.

Dollar gains stretch in some pairs but pause in others
Major currencies are seeing a bit more of a push and pull on the day with the kiwi leading losses as AUD/NZD keeps a bounce from yesterday and as NZD/USD stays pressured with sellers eyeing a break below trendline support outlined .

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 .