December 09, 2024 05:04 GMT
CHINA: Country Wrap: Room to Increase Deficits.
CHINA
- State media Xinhua reported over the weekend that China has room to increase the fiscal deficit to support the struggling economy. (source: MNI – Market News).
- China: Central Bank Injects Liquidity via OMO. (source: MNI – Market News).
- China’s November CPI printed at +0.2% y/y versus estimates of +0.4% y/y and October’s result of +0.3% y/y. . (source: MNI – Market News).
- China’s November PPI printed at -2.5% y/y versus estimates of -2.8% y/y and October’s result of -2.9% y/y. . (source: MNI – Market News).
- Having finished Friday up very strongly, delivering a positive week, the CSI 300 declined -0.50%, Hang Seng -0.54%, Shanghai -0.40% and Shenzhen -0.80%.
- CNY: Yuan Reference Rate at 7.1870 Per USD; Estimate 7.2614.
- Bonds: China’s 10YR Government bond inched lower in yield again today to 1.944%
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