MNI China Daily Summary: Friday, January 10

MNI BRIEF: China To Adopt Very Proactive Fiscal Policy-Offical

CANADA LIBERAL LEADERHIP VOTE TO REPLACE TRUDEAU SET FOR MAR 9

MNI BRIEF: PBOC Suspends Bonds Trades As Yields Drop

MNI: PBOC Net Drains CNY14.8 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1891 Fri; -2.36% Y/Y

USDA: CORN STOCKS 12,074M BSL ON JAN 1

MNI: USDA: 2024/2025 CORN PRODUCTION EST 14.87B BSL

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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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BRAZIL: Govt Has Support To Approve Spending Cut Plan, Formal Job Creation Due

BRAZIL
BulletEM BulletEmerging Market News
  • The government has enough votes to approve the spending cut plan whenever it arrives in Congress, according to Otto Alencar, the interim government leader in the Senate. Alencar said it would be difficult to vote on the bill in 2024 due to the calendar, but if lower house Speaker Arthur Lira and Senate chief Rodrigo Pacheco adopt urgency procedures it could happen this year. Congress also must vote on other priorities by year-end, including tax reform.
  • Today, formal job creation figures for October are due at 1730GMT(1230ET), with the market expecting 192,500 jobs to have been created last month, following a 247,818 increase in September. Federal debt data for October are also due sometime this week, with a possible release later today.
    • Oct. Formal Job Creation Total, est. 192,500, prior 247,818
  • Meanwhile, BCB Governor Campos Neto is in Miami today, but will attend the second session of the Financial Stability Committee meeting via video call at 1700GMT(1200ET).
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  • The government has enough votes to approve the spending cut plan whenever it arrives in Congress, according to Otto Alencar, the interim government leader in the Senate. Alencar said it would be difficult to vote on the bill in 2024 due to the calendar, but if lower house Speaker Arthur Lira and Senate chief Rodrigo Pacheco adopt urgency procedures it could happen this year. Congress also must vote on other priorities by year-end, including tax reform.
  • Today, formal job creation figures for October are due at 1730GMT(1230ET), with the market expecting 192,500 jobs to have been created last month, following a 247,818 increase in September. Federal debt data for October are also due sometime this week, with a possible release later today.
    • Oct. Formal Job Creation Total, est. 192,500, prior 247,818
  • Meanwhile, BCB Governor Campos Neto is in Miami today, but will attend the second session of the Financial Stability Committee meeting via video call at 1700GMT(1200ET).