US NOV FLASH MANUF PMI 48.8 (FCST: 48.9); OCT 48.5

MNI:Largest Canada New Home Price Dip Since `09 Led By Toronto

CANADIAN OCT FLASH RETAIL SALES +0.7%, 4TH STRAIGHT INCREASE

MNI China Daily Summary: Friday, November 22

MNI: PBOC Net Drains CNY345.9 Bln via OMO Friday

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: Gilt Syndi; IT, EU Due Monday

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL NOV INDEX 71.8

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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MNI POLITICAL RISK - Govt Shutdown Risk Averted, Biden-Xi Bilat

US
  • At 14:00 ET 19:00 GMT today, President Biden will cap months of intensive diplomacy when he meets Chinese President Xi Jinping for a bilateral meeting on the margins of the APEC Leaders' Summit in San Francisco, California.
  • With few concrete deliverables on the cards, the bilat will primarily function as a checkpoint to dial back tensions which followed then-Speaker Nancy Pelosi's (D-CA) trip to Taiwan in August last year and subsequent diplomatic fallout over the Chinese 'spy balloon' in January.
  • The House of Representatives yesterday passed House Speaker Mike Johnson’s (R-LA) two-tiered Continuing Resolution to fund the government and prevent a government shutdown on November 17.
  • Johnson will have until January/February to legislate his Fiscal Year 2024 bills but there are clear warning signs that the next showdown will be more severe and carry greater risk of a prolonged government shutdown.
  • US Secretary of State Antony Blinken met yesterday with his Japanese and South Korean counterparts at APEC, building on a major foreign policy goal of the Biden administration which may increase security risks in the Indo-Pacific.
  • US President Joe Biden touted "progress" in bringing down inflation in a statement on yesterday’s CPI report but voters are unlikely to be sold on 'Bidenomics.'
  • House Speaker Mike Johnson's (R-LA) has endorsed Donald Trump for president in 2024.
  • Poll of the Day: The partisan divide over US security assistance to allies at war.
Full article: US Daily Brief
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