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

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CHINA MARKETS: Yuan Weaker; Rates Lower; Stocks Down 

     BEIJING (MNI) - The yuan rose against the U.S. dollar Monday morning even
though the People's Bank of China set a weaker daily fixing. 
     The yuan was last at 6.6456 against the U.S. unit, compared with the
official closing price of 6.6528 on Friday. 
     The PBOC set the yuan central parity rate against the U.S. dollar at 6.6487
on Monday, weaker than Friday's 6.6473.
     Money market rates fell Monday morning after the PBOC injected CNY40
billion in liquidity via open-market operations. The seven-day repo average was
last at 2.7456% Monday, lower than Friday's average of 2.8617%. The overnight
repo average was at 2.6526%, lower than Friday's 2.7557%.
     The yield on benchmark 10-year China government bonds was last at 3.8800%,
up from the previous close of 3.8300%, according to Wind, a financial data
provider. 
     Stocks were down, led lower by the storage and telecommunication sectors.
The benchmark Shanghai Composite Index was last down 1.06% at 3,380.71. Hong
Kong's Hang Seng Index was 0.11% higher at 28,470.98.
--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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