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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FT Reports Fiscal Event/Mini-Budget To Take Place On Friday 23 Sep

UK

George Parker at the FT reporting that Chancellor Kwasi Kwarteng will deliver a fiscal event or 'mini-budget' next Friday, 23 September.

  • Parker writes, "UK chancellor Kwasi Kwarteng will deliver a mini Budget on September 23 after MPs agreed to delay the start of their “party conference recess”...Kwarteng is expected to unveil cuts to National Insurance and reverse plans to increase corporation tax from 19 per cent to 25 per cent in April. The chancellor will herald a post-Brexit deregulatory push and wants to scrap the EU bankers’ bonus cap, which was introduced in 2014."
  • At present has been official no confirmation on the date of the fiscal event from the Treasury, nor confirmation of the change to recess timings from parliamentary authorities.
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