MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI: US NOV SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.342%

MNI: US NOV CPI UNROUNDED M/M 0.313%, CORE 0.308%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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12- and 24-Month Inflation Estimates Decline in Latest CBRT Survey

TURKEY
  • The central bank released its latest survey of market participants:
    • Inflation estimate next 12 months 39.09% (Prior: 41.23%)
    • Inflation estimate next 24 months 23.69% (Prior: 24.82%)
    • Year-end inflation estimate 42.04%
    • Central bank’s one-week repo rate seen at 45% in three months (Prior: 43.76%)
    • 2024 GDP growth Est: 3.4% (Prior: 3.3%)
  • Pimco has been wading into Turkey’s bond market, betting that President Erdogan’s commitment to a sweeping economic overhaul has set the country on a path to regaining its investment grade credit rating, the FT reported. Pimco was “very constructive” on domestic Turkish assets, the head of Pimco’s emerging markets team said, adding that such an upgrade could happen “within the next five years if everything goes to plan.”
  • There are no more data releases scheduled for today.
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