MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

US NFIB NOV SMALL BUSINESS INDEX 101.7

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

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 Equity Roundup: Chip Stocks Continue to Outperform

US STOCKS
  • Stocks holding mildly higher levels in late trade, off midweek lows as strong Information Technology sector gains outweighed weakness in the Health Care Sector Thursday. Currently, DJIA is up 38.01 points (0.1%) at 37305.74, S&P E-Mini futures up 18 points (0.38%) at 4789, Nasdaq up 127.8 points (0.9%) at 14983.2.
  • Leading gainers: Chip stocks and hardware makers continued to lead gainers in the IT sector late Thursday as AI demand remained strong: KLA Corp +4.02%, Qualcomm +3.66%, Applied Materials +3.63% while Broadcom gained 2.85%. Meanwhile, interactive media and entertainment buoyed Communication services: Disney and Meta both +1.54%, Google +1.12%, Warner Bros +1.03%.
  • Laggers: Health Care and Utility sectors underperformed in the first half. Reversing prior session gains, equipment and service providers weighed the Health Care sector: off lows Humana was still down a whopping -10% as higher patient care costs sapped earning, CVS -4.43%, Elevance Health -3.24%. Multi-power and water providers weighed on the Utility sector: Dominion -2.23%, NiSource -1.46%, American Water -2%.
  • Corporate earnings: PPG Industries and JB Hunt are expected to report after the close.
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