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China Set To Delay Economic Policy Meeting, US CPI Data To Be Published

LATAM
  • MNI (London) - The Economic Times reporting that Chinese authorities are set to delay a closely-watched economic policy meeting due to get underway on Thursday due to the sharp increase in COVID-19 infections in the capital.
  • The draft of the presidential decree on Russia’s response to the oil-price cap is agreed in general, the Vedomosti newspaper reported, citing an unidentified person with knowledge of the text and confirmed by two other people close to the government.
  • The draft bans selling oil if:
    • The recipient of crude specified in the contract is a nation that has joined the price cap.
    • The contract contains a condition or reference to prices being equal to a certain threshold.
  • Focus turns to the November US CPI release due later today, with markets expecting a significant step lower to 7.3% and 6.1% for the headline and core Y/Y measures (down from 7.7% and 6.3% respectively). The release will be the final look for the FOMC ahead of Wednesday's rate decision.
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