MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI: US MBA: MARKET COMPOSITE +5.4% SA THRU DEC 06 WK

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Chile Nominal Wages, Mexico Consumer Confidence & US ADP

LATAM
  • Chile nominal wages and Mexico consumer confidence will cross at the top of the hour. Ecuador CPI will also cross, however, the focus remains on Thursday’s inflation data for Chile, Mexico and Colombia. US ADP Employment Change data set for later today will also be eyed for clues ahead of Friday's payrolls release. Consensus currently looks for the US to have added 187k in the month of November - a figure that could be re-assessed if data comes out of line with today's ADP.
  • EU: Monetary policy transmission across the eurozone is strong and bank lending shows further tightening, but it is too soon to consider rate cuts, Bank of Latvia head and ECB Governing Council member Martins Kazaks told an MNI event on Wednesday.
  • JAPAN: The Bank of Japan must carefully consider the timing of any exit to easy policy and monitor the evolution of wages and prices, said BOJ Deputy Governor Ryozo Himino on Wednesday. Interestingly, Japan’s regional banks called on the Bank of Japan to scrap its negative interest rate when executives met with central bank officials last month, according to people familiar with the matter.
  • CHINA/EU: Beijing will likely offer to move some electric-vehicle production to the European Union as part of a long-term deal to avert a trade war, a key issue ahead of this week's China-EU summit, a Chinese policy advisor and international affairs experts have told MNI.
  • METALS: Iron ore prices have likely peaked and will require a substantial rebound in steel demand – such as from a turnaround in the construction sector – to rise further, while more government intervention via “window guidance” could also weigh on the market, policy advisors and market analysts told MNI.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.