MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Japan Nov Sentiment, Outlook Indexes Rise

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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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GILT TECHS: (Z4) Bullish Outlook

GILT TECHS
  • RES 4: 101.00 Round number resistance
  • RES 3: 100.30 High Aug 14 and the bull trigger 
  • RES 2: 99.97 High Aug 15 
  • RES 1: 99.85 High Aug 22    
  • PRICE: 99.56 @ Close Sep 5
  • SUP 1: 99.02/98.11 Low Sep 4 / 2          
  • SUP 2: 98.00 Round number support   
  • SUP 3: 97.91 1.618 proj of the Aug 14 - 16 - 22 price swing
  • SUP 4: 97.73 1.764 proj of the Aug 14 - 16 - 22 price swing  

Gilt futures have recovered this week and the contract traded higher again, yesterday. The move off Monday’s low signals the end of the recent corrective cycle. The trend direction is up and this is reinforced by a bullish moving average set-up on the continuation chart. Sights are on the next firm resistance at 99.85, the Aug 22 high. On the downside, clearance of support at 98.11, Sep 2 low, would reinstate the recent bearish theme.

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