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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Leaders Due To Begin Arriving At Brussels Summit-Focus On China, Russia

NATO

Leaders are due to begin arriving at today's NATO summit in Brussels, Belgium from 1030CET (0430ET, 0930BST).

  • Live stream of leaders arrivals and doorstep summit can be found here.
  • Several major topics set to be discussed and meetings due to take place.
    • Turkish President Recep Tayyip Erdogan has two important bilateral meetings on the sidelines of the summit: one with US President Joe Biden and the other with Greek Prime Minister Kyriakos Mitsotakis.
    • Leaders to discuss Russia at a time when NATO Sec-Gen Jens Stoltenberg has stated that "The relationship between NATO and Russia is at a low point, the lowest point since the end of the Cold War,"
    • Bloomberg reporting that NATO leaders will declare China's foreign policy ambitions as a 'strategic challenge' to the alliance, although this is as-yet unconfirmed.
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