Market Drivers – Asian Session 23-11-2021

The Manufacturing PMI in Eurozone’s economic powerhouse came in at 57.6 this month vs. 56.9 expected and 57.8 prior. The index hit fresh ten-month lows. Services PMI reached two-month highs of 53.4 in November as against 51.5 estimated and 52.4 previous.

The Eurozone manufacturing sector activity improved more than expected in the reported month, the latest manufacturing activity survey from IHS/Markit research showed on Tuesday. The Eurozone Manufacturing purchasing managers index (PMI) arrived at 58.6 in November vs. 57.3 expectations and 58.3 last. The index hit two-month highs.

The Turkish lira plunged to new records, breaking the 12 lira/dollar barrier for the first time in its history.

The Turkish lira fell by 5.6%, down to the levels of 12.0209 lira/dollar, a decrease of 0.6339 lira.

US Texas crude futures fell 58 cents, or 0.8%, to $76.17 a barrel at 04:23 GMT.

Brent crude futures fell 42 cents, or 0.5%, to $79.28 a barrel.