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Banxico Quarterly Report, Chile Unemployment

LATAM
  • Chile unemployment rate and Brazil federal debt data are the only releases in LatAm today. Banxico will publish its latest quarterly inflation report where any changes to current forecasts will be monitored.
  • EUROZONE: Core/semi-core EGBs are off the day's best levels, but remain firmer on the day on the back of soft EZ inflation indications and dovish Fed-Speak yesterday. November flash inflation estimates from German states and Spain have pointed to a downside risk to the current Eurozone HICP consensus (at 2.7% Y/Y, released tomorrow @ 1000GMT).
  • CHINA: MNI (Beijing) - Warmer China-U.S. relations will not reverse the decline of foreign direct investment anytime soon, particularly in technology, and mainland authorities should pursue pro-growth policies to attract hesitant offshore capital especially as interest-rate spreads between the yuan and dollar remain wide, advisors told MNI.
  • ISRAEL/HAMAS: As the truce between Israel and Hamas enters its final 24 hours, negotiators from Qatar, Egypt and the US are pressing for an extension to try to secure the release of additional captives and avert a resumption of a war that erupted almost two months ago.

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