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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Lavrov, Wang Yi to Meet in Moscow with New Peace Deal Likely to be Proposed

RUSSIA
  • Putin may attend a Moscow concert marking the anniversary of the annexation of occupied Ukraine territories while Foreign Minister Sergei Lavrov will meet with China’s State Councillor Wang Yi, who is expected to propose a fresh peace deal. European officials familiar with the plan said it is expected to include calls for a cease-fire and for a halt to arms deliveries to Ukraine, Bloomberg reported.
  • The State Duma will consider the draft bill on Russia’s suspension of the New START Treaty today, after Putin announced the move in his address to the Federal Assembly yesterday. However, hours after his address, the Foreign Ministry said Moscow clarified the treaty's caps on nuclear weapons would be respected as the nation has not withdrawn from the pact yet.
  • Finance Ministry and Bank of Russia are preparing a new draft of presidential decree, which would oblige Russian issuers of Eurobonds to issue local substitute securities, Vedomosti report.
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