MNI China Daily Summary: Friday, December 13

MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

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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ASIA STOCKS: Asian Equities Mixed, Gold Makes Fresh Highs, Yen Strengthens

ASIA STOCKS
  • In early morning trading, equity markets are trading mixed amid a strong yen and anticipation of next week’s Federal Reserve meeting, where it's widely expected at least one 25bps cut is expected with about 20% of a 50bps cut. Japanese stocks declined, with the Topix down 0.85% and the Nikkei 225 falling 0.7%, as exporters like Toyota were pressured by a stronger yen while Foreign investors also continued to offload Japanese equities, selling ¥824 billion last week.
  • Elsewhere, Australian stocks gained lead by Energy and Metals & Mining while South Korean shares are slightly higher although local tech stocks are weaker. Gold-related stocks surged across the region after spot gold reached a record high of $2,560.13 on Thursday. In contrast, Hong Kong futures are pointing to a lower open. 
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