MNI China Daily Summary: Thursday, December 12

RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

GDP Seen Slowing in Q1

TURKEY
  • Q1 GDP data crosses at 10am local time (0800BST/0300ET) and is expected to show growth slowed to 1.3% on the quarter and 7.2% on a Y/Y basis. The numbers cross alongside April trade balance which is expected to show an improvement in the deficit to $6.1bln. Elsewhere, the foreign minister Cavusoglu is due to speak to Anadolu at the same time.
  • Ahead of the GDP release, finance minister Nebati said he saw leading indicators pointing to a 7% growth clip in Q1 – and forecast strong and balanced growth. He again cited the temporary nature of current inflation pressures, but defended the government’s measures to ease the pressure of inflation on the population.
  • Elsewhere, DuvaR write that Turkey’s currency crisis is set to worsen due to severely depleted reserves at the Turkish central bank. The pieces cites data showing CBRT’s net reserves as having dropped to - $55bln once the domestic bank FX swap deals are accounted for. DuvaR also touch on the newly-created savings accounts, which could lose their appeal as the Summer ‘rollover’ dates approach. A drop in interest for the accounts could prompt renewed interest in FX and gold purchases.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

To read the full story

Close

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.