MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI: US NOV SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.342%

MNI: US NOV CPI UNROUNDED M/M 0.313%, CORE 0.308%

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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Equities Roundup: Consumer Discretionary Sector Outperforms

US STOCKS
  • Stocks are trading modestly higher early Monday, upper half of a relatively narrow session range led by Consumer Discretionary sector shares. Currently, DJIA is up 61.92 points (0.16%) at 38972.57, S&P E-Minis up 10.5 points (0.2%) at 5264.75, Nasdaq up 55.1 points (0.3%) at 16307.2.
  • Leading Gainers: Consumer Discretionary and Real Estate sectors outperformed in the first half. A combination of autos, cruise-lines and personal product distributors supported the Consumer Discretionary sector in the first half: Tesla +5.31% amid talk of autonomous EV taxi venture, Norwegian Cruise +3.44%, Carnival +3.24%, Bath & Body Works +3.17%.
  • Meanwhile, Real estate investment trusts, particularly residential and office REITs buoyed the latter: Camden Property +5.25%, Mid-America Apartment +4.2%, UDR Inc +3.16%.
  • Laggers: Health Care and Energy sector shares underperformed, equipment and services weighed on the latter: Solventum -3.86%, Medtronic -1.48%, Becton Dickinson -0.86%. Oil and Gas stocks weighed on the Energy sector: APA -1.34%, Occidental -0.94%, Valero -0.86%.
  • Reminder, the next quarterly earnings starts in earnest late this week with JP Morgan, BlackRock, Wells Fargo, State Street and Citigroup reporting Friday, April 12.
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