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

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

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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Largely unchanged statement

ECB
  • The second and third paragraphs of the ECB's statement remain unchanged and the opening paragraph doesn't push back on rate cuts as much as some had been hoping for (although bear in mind that the tone of the press conference could still be a bit more hawkish).
  • The ECB does acknowledge "the declining trend in underlying inflation" but says that "The incoming information has broadly confirmed its previous assessment of the medium-term inflation outlook."
  • Overall, very short statement - not much to really move things here.
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