US markets faltered following as manufacturing data showed a contraction in November for the first time since May 2020. The Dow Jones closed down 195 points (-0.56%) after falling as much as 460 points in early trade. The NASDAQ managed to continue yesterday’s run and gained 0.14%, while the S&P 500 was largely unchanged for the session, down just four points. In Europe, STOXX 50 +0.5%, FTSE -0.2%, CAC +0.2%, DAX +0.7%. SPI Futures are down 15 points (-0.20%) following a 70-point rise yesterday.

• Wall Street ends mixed; Salesforce selloff pressures Dow
• Biden, Macron condemn Russia invasion of Ukraine at White House meeting
• U.S. Supreme Court to hear Biden's bid to reinstate student debt plan
• U.S. Congress backs legislation to block rail strike
• Global factory activity shrank in November but price pressures ease
• EU tentatively agrees $60 price cap on Russian seaborne oil
• U.S., France present united front to hold Russia to account on Ukraine
• Chicago Fed hires Austan Goolsbee as new chief after Evans
• HSBC shedding at least 200 senior operations managers in global cuts
• China set to loosen COVID curbs after week of historic protests
• Oil prices could fall without further OPEC+ cut, analysts say

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