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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Late Equities Roundup

US STOCKS
  • Stocks have been paring gains over the last hour, DJIA outperforming mildly weaker SPX Eminis and Nasdaq stocks, squaring ahead tomorrow's January CPI tomorrow data risk. Currently, the DJIA is up 102.41 points (0.26%) at 38767.3, S&P E-Minis down 7.5 points (-0.15%) at 5036.5, Nasdaq down 65.7 points (-0.4%) at 15923.95.
  • Leading gainers: Energy and Materials sectors continued to outperform in the second half, equipment and services shares supporting the former Schlumberger +2.87%, Baker Hughes +1.89%, Halliburton +1.1%. Notable mention: Diamondback Energy (FANG) surged +9.27% after announcing $26B merger with Endeavor. Meanwhile, construction material shares buoyed the latter: Martin Marietta Materials +2.69%, Vulcan Materials +1.32%.
  • Laggers: Information Technology and Real Estate names displaced earlier laggers: Health Care and Consumer Staples. Software and services shares weighed on the former: Gartner -2.83%, ServiceNow -2.51%, PTC Inc -2.38%. Chip stocks remained strong, however, with Enphase +6.23%, First Solar +4.26, Intel +2.62%. Specialized and retail Investment trust shares weighed on the Real Estate sector: Digital Realty -1.36%, American Tower and Kimco both -0.75%.
  • Looking ahead: corporate earnings expected next Monday (after the close): Arista Networks, Avis Budget Group, Cadence Design, Waste Management, Goodyear Tire and Vornado Realty Trust. Expected tomorrow before the open: Ecolab, Biogen, Coca-Cola, Hasbro, Moody's Corp, Watsco, Marriott Int.
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