MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Japan Nov Sentiment, Outlook Indexes Rise

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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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AUDUSD Range Trading Driven By Equities, AUDNZD Continues Move Lower

AUD

AUDUSD has been range trading during the APAC session today driven by equity sentiment. The pair rose to 0.6561 and then fell when HK/China equities opened and sold off reaching a low of 0.6542 but then recovered somewhat as the equity indices turned. AUDUSD is unchanged on the day at 0.6551. The USD index is down slightly.

  • Aussie has continued to soften against the kiwi and has firmly cleared the 1.06 level. It is down 0.1% to 1.0590. AUDJPY is up slightly to 98.54. AUDEUR is 0.1% lower at 0.6053 and AUDGBP is around 0.5184.
  • Equity markets are mixed with the ASX flat but Nikkei up 1.7% and CSI 300 +0.2%. The S&P e-mini is up 0.7%. Oil prices are slightly higher with WTI +0.2% to $78.04/bbl. Copper is down 0.1% and iron ore is steady around $120/t.
  • The Fed’s Jefferson, Harker, Cook and Kashkari speak later. Also the ECB’s Tuominen and Fernandez-Bollo appear and the January meeting accounts are published. In terms of data, US/Europe preliminary February PMIs are released, as well as US jobless claims, Chicago Fed index, US existing home sales, final January euro area CPI and Canadian retail sales.
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