MNI China Daily Summary: Friday, December 27

MNI BRIEF: BOJ: Rate Hike Chance Nearing; Mull Patiently

MNI: PBOC Net Injects CNY6.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1893 Fri; -2.12% Y/Y

MNI JAPAN NOV FACTORY OUTPUT DROPS 2.3% M/M; OCT +2.8%

MNI JAPAN NOV JOBLESS RATE AT 2.5%, UNCHANGED FROM OCT

US EIA:NAT GAS STORAGE -93 BCF TO 3,529 BCF DEC 27 WK

MNI: US JOBLESS CLAIMS -1K TO 219K IN DEC 21 WK

MNI: US REDBOOK: DEC STORE SALES +5.0% V YR AGO MO

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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POWER: Kremlin Downplays Finland’s Action as Estonia Protects Power Cable

POWER
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 The Kremlin has downplayed Finland’s boarding of a Russian oil vessel linked to the Estlink 2 outage, while Estonia's military has initiated a naval operation to safeguard the Estlink 1 cable in the Baltic Sea, the Kremlin and Estonia said, cited by Reuters.

  • Kremlin spokesman Dmitry Peskov added that it is a "narrow-profile issue" and not within the scope of the Russian presidential administration's responsibilities.
  • The outage at the Estlink 2 between Finland and Estonia on 25 December will last until 31 July 2025, according to the latest Remit data.
  • The curtailment was originally supposed to last until the end of 25 December but was extended to 26 December before being pushed back to 31 December.
  • The outage is due to a cable failure at the subsea connection in the northern Gulf of Finland, not onshore.
  • The outage will not prevent the planned disconnection of the Baltic states from the Russian power network set for early February 2025, TSO Elering said.
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 The Kremlin has downplayed Finland’s boarding of a Russian oil vessel linked to the Estlink 2 outage, while Estonia's military has initiated a naval operation to safeguard the Estlink 1 cable in the Baltic Sea, the Kremlin and Estonia said, cited by Reuters.

  • Kremlin spokesman Dmitry Peskov added that it is a "narrow-profile issue" and not within the scope of the Russian presidential administration's responsibilities.
  • The outage at the Estlink 2 between Finland and Estonia on 25 December will last until 31 July 2025, according to the latest Remit data.
  • The curtailment was originally supposed to last until the end of 25 December but was extended to 26 December before being pushed back to 31 December.
  • The outage is due to a cable failure at the subsea connection in the northern Gulf of Finland, not onshore.
  • The outage will not prevent the planned disconnection of the Baltic states from the Russian power network set for early February 2025, TSO Elering said.