NEWS 21 NOV

• Chicago National Activity Index Actual -0.05 (Forecast -0.025, Previous 0.10) ..... USD BEARISH
• The Chicago Fed National Activity Index fell to -0.05 in October of 2022 from an upwardly revised +0.17 in September, the weakest reading in four months, suggesting slower national economic growth ..... USD BEARISH
• Fed's Bostic: Ready To 'Move Away' From Large Rate Increases ..... USD BEARISH
• ECB Chief Economist Philip Lane said in an interview that “we expect to raise rates further”. But “each meeting is different” and “one platform for considering a very large hike, such as 75 basis points, is no longer there.” ..... EUR BEARISH
• The annual producer inflation in Germany fell to 34.5% in October 2022 from a record level of 45.8% in September and August, compared with market forecasts of 41.5%, pointing to the lowest level since June ..... EUR BEARISH
• European bourses are pressured across the board, as China's COVID crackdown weighs on sentiment ..... MARKETS BEARISH
• US futures started a shortened holiday week in the red, with contracts on the Dow Jones futures falling almost 100 points while both the S&P 500 and the Nasdaq were down 0.3% and 0.7% respectively, amid flight to safety on concerns of further curbs in China after the country reported covid deaths for the first time in six months during the weekend ..... MARKETS BEARISH
• Oil extended losses on Monday, with WTI crude futures falling below $80 per barrel, the lowest in over seven weeks, amid demand concerns after China tightened Covid curbs ..... OIL BEARISH
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