MNI China Daily Summary: Thursday, December 12

RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

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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Markets Look for Detail on Eskom Climate Funding

SOUTH AFRICA
  • Markets will likely see more detail on the cabinet’s climate finance investment plan today, with a post-cabinet meeting media briefing due at 11am local time (1000BST). Reports circulated yesterday that the plan could have already seen ministerial approval, and should be released publicly over the next week or do. The pact could see a value of as much as $8.5bln – and markets will be watching how much of those funds head toward Eskom.
  • The Satawu union have called off their strike action at Transnet, with workers to return to their posts this morning. The move comes after initially rejecting the wage offer accepted by other unions, but are now to rescind strike action “in the interest of the economy”.
  • Eskom notified this morning that stage 3 loadshedding is to continue until further notice thanks to a failure of 2 generation units at the Kendal plant as well as outages at both Kriel and Arnot power stations overnight. A full statement is to follow.
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