CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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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Authorities To Discuss Macro Assumptions & Border Security

POLAND
  • Prime Minister Donald Tusk's Civic Coalition (KO) took first place in the European election, receiving 37.1% of the vote, narrowly beating the main opposition Law and Justice (PiS), which took 36.2% of the vote. The far-right Confederation (K) was the biggest surprise, coming third with 12.9% of the vote. The Third Way (3D) and Left (L) fared worse than expected, which may undermine their bargaining positions within the ruling coalition.
  • President Andrzej Duda convened a meeting of the National Security Council in the eastern city of Bialystok. The panel will discuss the situation on the border with Belarus and recent events involving Polish soldiers. This comes after a couple of troops were detained after firing warning shots as a group of migrants stormed the border, while another one was stabbed by a migrant and died in hospital. The Ministry of Defence is reportedly working on changes to existing regulations to prevent such situations in the future.
  • The government will discuss the macroeconomic assumptions for the 2025 budget today. Deputy Finance Minister Jurand Drop suggested that they would be similar to thouse unveiled in the Multi-Year Financial Plan (MYFP) earlier this year (CPI +5.2% & +4.1% Y/Y, GDP +3.1% & + 3.7% Y/Y in 2024 and 2025 respectively).
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