SQUAWK BOX, MONDAY 30TH NOVEMBER, 2020

Manufacturing activity in China soars to its fastest rate in three years and services PMI hits an 8-year high. Meanwhile, the White House is set to blacklist Chinese chipmaker SMIC and oil major CNOOC for alleged ties to the Chinese military. This, as Congress is also looking to vote to tighten rules on Chinese companies seeking a U.S. market listing. Black Friday numbers are in Stateside, with online sales surging by 22 per cent to $9bn – the second-largest spending day on the web in American history. In M&A news, S&P Global is reportedly looking to buy London-based data firm IHS Markit for $44bn in what would be the largest merger of 2020.