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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US STOCKS: Late Equities Roundup: Chip Stocks, Real Estate Investment Trusts Lag

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Stocks are trading mixed late Tuesday, the DJIA outperforming mildly weaker SPX Eminis and Nasdaq averages as investors migrate to the sidelines ahead of Wednesday morning's key CPI inflation measures.
  • Currently, the DJIA trades up 6.52 points (0.01%) at 44411, S&P E-Minis down 12.75 points (-0.21%) at 6053, Nasdaq down 65.4 points (-0.3%) at 19671.74.
  • Communication Services and Consumer Staples sectors outperformed in late trade, interactive media and entertainment shares supporting Communication Services: Alphabet +5.16% (reportedly after Google made a breakthrough in quantum computing performance), Warner Brothers +2.98%, Charter Communications +2.73%.
  • Broadline retailers buoyed the Consumer Discretionary sector in the second half: Walgreens Boots surged 19.44% after wires reported private equity group Sycamore Partners interest in purchasing Walgreens for $10B. Meanwhile, Kroger gained 3.06% while Dollar Tree gained 2.64%.
  • Conversely, Information Technology and Real Estate sectors underperformed in late trade, chip stocks weighing on the tech sector: Oracle -7.91%, Super Micro Computer -5.97, Dell -5.52%. Investment trusts, particularly industrial and specialized REITS weighed on Real Estate: American Tower -3.71%, Weyerhaeuser -2.05%, Public Storage -1.58%.
  • Earnings announcements this week includes GameStop and Dave & Busters is expected after the close. Midweek on: Macy's, Adobe, Ciena Corp, Costco and Broadcom.
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  • Stocks are trading mixed late Tuesday, the DJIA outperforming mildly weaker SPX Eminis and Nasdaq averages as investors migrate to the sidelines ahead of Wednesday morning's key CPI inflation measures.
  • Currently, the DJIA trades up 6.52 points (0.01%) at 44411, S&P E-Minis down 12.75 points (-0.21%) at 6053, Nasdaq down 65.4 points (-0.3%) at 19671.74.
  • Communication Services and Consumer Staples sectors outperformed in late trade, interactive media and entertainment shares supporting Communication Services: Alphabet +5.16% (reportedly after Google made a breakthrough in quantum computing performance), Warner Brothers +2.98%, Charter Communications +2.73%.
  • Broadline retailers buoyed the Consumer Discretionary sector in the second half: Walgreens Boots surged 19.44% after wires reported private equity group Sycamore Partners interest in purchasing Walgreens for $10B. Meanwhile, Kroger gained 3.06% while Dollar Tree gained 2.64%.
  • Conversely, Information Technology and Real Estate sectors underperformed in late trade, chip stocks weighing on the tech sector: Oracle -7.91%, Super Micro Computer -5.97, Dell -5.52%. Investment trusts, particularly industrial and specialized REITS weighed on Real Estate: American Tower -3.71%, Weyerhaeuser -2.05%, Public Storage -1.58%.
  • Earnings announcements this week includes GameStop and Dave & Busters is expected after the close. Midweek on: Macy's, Adobe, Ciena Corp, Costco and Broadcom.