PBOC injects more liquidity into market

China's central bank pumped cash into the financial system via its medium-term lending facility (MLF) to maintain liquidity in the market on Friday. As a total of 187.5 billion yuan ($26.64 billion) of MLF loans matured on Friday, the central bank injected 300 billion yuan via its MLF into the market, according to the People's Bank of China. The funds will mature in one year at an interest rate of 3.25 percent. The MLF tool was introduced in 2014 to help commercial and policy banks maintain liquidity by allowing them to borrow from the central bank using securities as collateral.

Manufacturing loses sheen in Germany

New orders in Germany's manufacturing industry decreased 0.4 percent in October compared to the previous month, and 5.5 percent year-on-year, the Federal Statistical Office (Destatis) announced on Thursday. According to Destatis, domestic orders fell by 3.2 percent in October compared to the previous month, while the total orders from outside Germany increased by 1.5 percent. New orders from the eurozone increased by 11.1 percent. In contrast, those from other countries fell by 4.1 percent, Destatis said.

US Fed's broad money stocks rise

Data released by the US Federal Reserve on Thursday showed that its M2 money stock increased for the week ending Nov 25. M2, the broad money supply, rose to $15.3640 trillion from the previous week's $15.3255 trillion, while M1, the narrow money supply, increased from $3.9343 trillion to $3.9737 trillion. The Fed lowered its policy interest rate by 25 basis points on Oct 30 amid a further slowdown in US economic growth. This was the central bank's third rate cut this year.