MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

MNI: NORWAY NOV CPI +0.3% M/M, +2.4% 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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Current Account Widens Less Than Expected in February

TURKEY
  • Turkey’s current account deficit widened to $3.265bn (Est: -$3.70bn) in February from a revised -$2.522bn in January, according to the Central Bank of Turkey. The data marks the widest the deficit has been since June last year.
  • Following the municipal elections in March, the central bank’s net reserves excluding swaps increased by $10.5bn in 6 business days, Ekonomi report. Citing various economists, the newspaper state that in addition to the fact that the increase in the TRY exchange rate did not occur as expected by domestic residents, exporters' postponement of foreign currency sales to the CBRT until after the elections and increasing foreign inflows also facilitated the spike in reserves.
  • President Erdogan will address his party’s lawmakers at noon, while Treasury & Finance Minister Simsek is scheduled to speak at IIF event in Washington. There are no other data releases on the docket today.
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