MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

MNI: NORWAY NOV CPI +0.3% M/M, +2.4% Y/Y

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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Koruna Lags CE3 Peers As CNB Comments Keep Trickling Through

CZK

EUR/CZK last changes hands -0.007 at 24.652, staying in the vicinity of its recent cyclical highs. Bears look for a dip through Sep 29 low of 24.306 and the 24.3 area. On the flip side, the focus is on 24.727, which capped gains on Oct 12.

  • CZGB curve has steepened amid outperformance at the short end of the curve, with 2s richening by 2bp. Czech FRAs dropped across the curve. The PX Index has added 0.4%, hitting new two-month highs.
  • Czech policymakers participate in a Discussion Forum in Zlin. Governor Ales Michl left all options open for the coming two meetings, with decisions depending on incoming data and the November macroeconomic forecast. Bank Board's Jan Kubicek then said that he would prefer to ease monetary policy in small, gradual steps.
  • The Chamber of Deputies is expected to reject the no-confidence motion tabled by the main opposition ANO movement against Prime Minister Petr Fiala's government.
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