MNI China Daily Summary: Wednesday, December 11

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

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

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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

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CHINA MARKETS: Yuan Weaker; Rates Down; Stocks Rise 

     BEIJING (MNI) - The yuan fell against the U.S. dollar Friday morning after
the People's Bank of China set a weaker daily fixing. 
     The yuan was last at 6.6521 against the U.S. unit, compared with the
official closing price of 6.6357 on Thursday. 
     The PBOC set the yuan central parity rate against the U.S. dollar at 6.6473
on Friday, weaker than Thursday's 6.6288. Today's fixing is the lowest since
Oct. 9 and marks the biggest daily drop since Sep. 21.
     Money market rates fell Friday morning after the PBOC injected CNY90
billion in liquidity via open-market operations. The seven-day repo average was
last at 2.7747% on Friday, lower than Thursday's average of 2.9714%. The
overnight repo average was at 2.6914%, lower than Thursday's 2.7163%.
     The yield on benchmark 10-year China government bonds was last at 3.7950%,
up from the previous close of 3.7750%, according to Wind, a financial data
provider. 
     Stocks were up, led higher by the banking and insurance sectors. The
benchmark Shanghai Composite Index was last up 0.11% at 3,411.41. Hong Kong's
Hang Seng Index was 0.90% higher at 28,456.73.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@marketnews.com
--MNI Beijing Bureau; +86 (10) 8532-5998; email: vince.morkri@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,M$$FI$,MN$FI$,MN$FX$]
China Market NewsPolicy NewsAPACChinaJapanAustraliaNew ZealandRegion
China Market NewsPolicy NewsAPACChinaJapanAustraliaNew ZealandRegion
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