MNI China Daily Summary: Friday, December 13

MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

CHINA YTD NEW LOANS CNY17.1 TRLN VS MEDIAN CNY17.5 TRLN: PBOC

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

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 Mixed; Stocks Fall 

     BEIJING (MNI) - The yuan was slightly weaker against the U.S. dollar
Thursday morning even though the People's Bank of China set a stronger daily
fixing. 
     The yuan was last at 6.5248 against the U.S. unit, compared with the
official closing price of 6.5246 on Wednesday. Before Thursday, the yuan had
strengthened for the past two trading days. 
     The PBOC set the yuan central parity rate against the U.S. dollar at 6.5269
on Thursday, stronger than Wednesday's 6.5311. The PBOC has set the fixing
stronger for nine straight trading days, and Wednesday's fixing was the highest
since May 18 last year.
     Money market rates were mixed Thursday morning after the PBOC injected
CNY128.5 billion in liquidity via open-market operations. The seven-day repo
average was last at 2.7599% Thursday, lower than Wednesday's average of 2.8116%.
The overnight repo average was at 2.6037%, higher than Wednesday's 2.5961%.
     The yield on benchmark 10-year China government bonds was last at 3.6073%,
down from the previous close of 3.6293%, according to Wind, a financial data
provider. 
     Stocks were down, led lower by the non-ferrous metal mining and coal mining
sectors. The benchmark Shanghai Composite Index was last down 0.36% at 3,373.06.
Hong Kong's Hang Seng Index was 0.22% higher at 27,674.14.
--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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