MNI China Daily Summary: Wednesday, November 27

MNI: GERMANY GFK DECEMBER CONSUMER CLIMATE -23.3

MNI BRIEF: BOJ’s JGB Unrealised Loss Rises To JPY13.7 Tlrn

RPT:- MNI NOV CHINA MONEY MARKET INDEX 53.5 VS OCT 38.4

MNI NOV CHINA MONEY MARKET INDEX 53.5 VS OCT 38.4

MNI BRIEF: China Profits Fall In October Y/Y

MNI: US Q3 GDP +2.8%

MNI:US OCT DURABLE NEW ORDERS +0.2%; EX-TRANSPORTATION +0.1%

MNI: US JOBLESS CLAIMS -2K TO 213K IN NOV 23 WK

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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Markets Sour Following China GDP, Brazil Economic Activity Due

LATAM
  • LATAM: The only notable data in LatAm today is Brazil Economic Activity for May as well as the latest results from the BCB’s Focus Survey of Expectations. Both Colombia and Argentina will release activity data later this week with Mexico retail sales also on the docket.
  • CHINA: MNI (Beijing) - China's GDP grew by 6.3% y/y in Q2, much lower than the market consensus of 7% though marking the quickest growth within a year when compared to the 4.5% rise in Q1, data released by the National Bureau of Statistics on Monday showed. GDP grew 0.8% over the previous quarter, slower than Q1's 2.2% q/q increase. While H1 growth was lifted to 5.5% y/y. Industrial production rose 4.4% y/y in June, beating the 2.5% forecast and accelerating from May's 3.5%. Retail sales increased 3.1% y/y in June to hit the lowest level this year.
  • GLOBAL: Core fixed income has moved higher this morning, largely seen as in response to the softer Chinese GDP data and continued US-China tensions. AUD, NZD are the poorest performers across G10 on the back of a softer-than-expected Chinese GDP release. JPY and CHF are among the strongest in G10, buoyed by a rollover of the previously bullish theme as equity markets backtrack some of the upper-end of the recent rally.
    • With the Fed in media blackout mode, there are few central bank speakers or data releases of note, keeping focus on the bigger prints later this week: US retail sales, Canadian CPI and UK inflation data market the highlights.
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