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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI China Daily Summary: Wednesday, December 11
Foreign Policy Success Sets Biden Apart From DeSantis
A successful week of diplomacy in Europe appears to have boosted President Biden against his perceived closest 2024 rival, Florida Governor Ron DeSantis (R-FL), according to betting markets.
- Biden's diplomatic trip to Europe has widened the gap between Biden and DeSantis from 2% at the start of the week to 7% today.
- DeSantis, appearing to recognise his foreign policy blindspot, told Fox News this week that the Biden administration has "no clear strategic objective" in Ukraine and critised Biden's “blank-check policy.”
- The Hill writes that Ukraine is a topic that DeSantis has "only addressed sparingly in the past," preferring to keep to safer ground on "culture war issues."
- The Hill notes that although foreign policy is often limited concern to US voters it is, "one that could come up in a 2024 Republican primary contest that is expected to feature a slew of candidates with prior experience on the international stage — including former President Trump, whose “America First” framework largely redefined the GOP’s approach to foreign policy."
Figure 1: 2024 Presidential Election Winner (Smarkets)
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.