Hamburg Commerzbank commented on the Eurozone Manufacturing PMI: The consumer goods industry seems to be in better shape than intermediate products and investment goods. This is a common pattern in recessions, with a large portion of personal consumption tending to remain stable. In contrast, the cyclical nature of intermediate and investment goods makes them vulnerable to economic downturns. When the situation changes, the situation may reverse, and in the recovery of manufacturing, these industries may outpace consumer goods. However, the current state of the PMI index suggests that this turning point may still be far away.

Hamburg Commerzbank commented on the euro zone manufacturing PMI: Output is still declining, and companies have laid off employees for the sixth consecutive month. Of course, almost all sub-indexes improved. However, these improvements have been mostly modest and lack the dynamism needed for an upward trend.

The final manufacturing PMI value of the Eurozone in November was recorded at 44.2, a six-month high; the manufacturing PMI output index was recorded at 44.6, a six-month high.

Spot gold rose nearly $5 in the short term and is now at $2,045.45 per ounce; spot silver rose by nearly $0.1 in the short term and is now at $25.36 per ounce.

King Charles of the United Kingdom: I am very concerned that we are still too far off track on climate issues and that we are seeing worrying climate tipping points being reached.

Qatar says continued bombing of Gaza will complicate mediation efforts.

UN Secretary-General Guterres: (Governments) should end fossil fuel subsidies and impose windfall profits taxes on profits.

Qatar said it was committed to continuing ceasefire talks with its partners.

Qatar says Israeli-Hamas ceasefire talks are ongoing.

Israeli military: In preparation for the next phase of the battle, a map of the evacuation area will be released.

A Hamas statement said Israel was responsible for the resumption of the conflict because it rejected all offers to release other hostages.

The President of the UAE announced the creation of a $30 billion climate fund for global climate solutions.

The Israeli military said it was providing Gaza residents with information on safe evacuation zones.

IDF: More sirens sound in southern Israel.

Fitch: A shortage of quality new homes should support housebuilders in all three EMEA regions over the longer term, despite the recent slowdown in demand for residential properties.

Egyptian Presidential Palace: Egypt is committed to monetary and financial reforms.

Morgan Stanley: Saudi Arabia is expected to eventually extend production cuts until the second quarter of 2024.

Morgan Stanley: We keep our full-year Brent crude oil price forecast unchanged at $85/barrel for 2024.

Morgan Stanley: We still expect the crude oil market to experience a small surplus again in the second and third quarters of 2024.