MNI China Daily Summary: Friday, December 27

MNI BRIEF: BOJ: Rate Hike Chance Nearing; Mull Patiently

MNI: PBOC Net Injects CNY6.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1893 Fri; -2.12% Y/Y

MNI JAPAN NOV FACTORY OUTPUT DROPS 2.3% M/M; OCT +2.8%

MNI JAPAN NOV JOBLESS RATE AT 2.5%, UNCHANGED FROM OCT

US EIA:NAT GAS STORAGE -93 BCF TO 3,529 BCF DEC 27 WK

MNI: US JOBLESS CLAIMS -1K TO 219K IN DEC 21 WK

MNI: US REDBOOK: DEC STORE SALES +5.0% V YR AGO MO

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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CHILE: Congress To Vote On 2025 Budget Bill

CHILE
BulletEM BulletEmerging Market News
  • The Chilean peso is trading on a firmer footing in early trade Wednesday, buoyed by a modest gain in copper prices. USDCLP trades 0.4% lower around 974, with eyes on initial firm support at 969.43, the 20-day EMA. No macro data are due today, with month-end activity data next in the calendar on Friday. On the political front, the lower house is set to vote on the 2025 budget bill from 1300GMT(0800ET), with the Senate possibly also voting later in the day.
  • Meanwhile, workers at the Ventanas port in central Chile have reached a wage agreement with management, according to a union leader, ending the strike that has disrupted copper shipments from the port since Nov 14.
  • In other news, the government has cancelled the year’s remaining Treasury bond sales planned for December, according to a report in El Mercurio, citing a finance ministry email to local banks.
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  • The Chilean peso is trading on a firmer footing in early trade Wednesday, buoyed by a modest gain in copper prices. USDCLP trades 0.4% lower around 974, with eyes on initial firm support at 969.43, the 20-day EMA. No macro data are due today, with month-end activity data next in the calendar on Friday. On the political front, the lower house is set to vote on the 2025 budget bill from 1300GMT(0800ET), with the Senate possibly also voting later in the day.
  • Meanwhile, workers at the Ventanas port in central Chile have reached a wage agreement with management, according to a union leader, ending the strike that has disrupted copper shipments from the port since Nov 14.
  • In other news, the government has cancelled the year’s remaining Treasury bond sales planned for December, according to a report in El Mercurio, citing a finance ministry email to local banks.