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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EM FX: EM Currencies Drop as US Warns of Iran Attack on Israel

EM FX
BulletEM BulletEmerging Market News
  • USD/ILS spikes 1% on headlines that Iran is preparing a ballistic missile attack on Israel, while major USD/G10 pairs hit new pullback lows. Across EM, USD/ZAR extends session gains to 0.65%, while USD/Latam pairs swing sharply into the green.
  • Equity pressure evident in the drop in the e-mini S&P to 5775.00 (and counting) alongside some decent-sized sell programs crossing via the NYSE TICK index.
  • US 10y yields make a clean break lower on the headline, pressing toward 3.70% on the 10y to cement the risk-off backdrop here.
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  • USD/ILS spikes 1% on headlines that Iran is preparing a ballistic missile attack on Israel, while major USD/G10 pairs hit new pullback lows. Across EM, USD/ZAR extends session gains to 0.65%, while USD/Latam pairs swing sharply into the green.
  • Equity pressure evident in the drop in the e-mini S&P to 5775.00 (and counting) alongside some decent-sized sell programs crossing via the NYSE TICK index.
  • US 10y yields make a clean break lower on the headline, pressing toward 3.70% on the 10y to cement the risk-off backdrop here.