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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Koruna On Front Foot Amid Light News Flow

CZECHIA

EUR/CZK last trades -0.018 at 24.763 and the koruna fares better than any of its EMEA peers other than the ISK, despite little in the way of notable catalysts. Technically, bears look for losses towards Jan 8 low of 24.458, while bulls keep an eye on resistance from Jan 2 high of 24.867.

  • Local headline flow remains subdued, leaving the koruna exposed to external drivers and speculative activity. Press reports flagged some fresh political headwinds for PM Fiala related to an error in his asset declaration, but these are unlikely to have much structural impact in the grand scheme of things.
  • The Finance Ministry will release its debt issuance plan for February at 13:00GMT/14:00CET.
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