MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

MNI BRIEF: Brazil Annual Inflation Rises To 4.87% 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

US NFIB NOV SMALL BUSINESS INDEX 101.7

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% 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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Dep Gov Kozicki On Today's Strong CPI Report

CANADA

Paraphrasing from the Q&A:

  • We look into the details in the data. One thing that’s important to keep in mind is that it can be really volatile from month-to-month. Headline going from 2.8 to 3.3 to 4.0% Y/Y is not something that anyone in this room would like to see.
  • One of the big drivers was energy, one of the volatile drivers. Another thing that went up this month was rent. Those two pieces are the important pieces for understanding why inflation went up this month.
  • It’s going to take a long of time to sort through and interpret the data, and also in the context of other data we receive ahead of the new MPR in October. .. Always in the mind that mon pol takes time to have an effect.
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