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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

McCarthy On Track To Lose Seventh Speaker Ballot - Gaetz Votes For Trump

US

Republican Leader Kevin McCarthy (R-CA) appears on track to lose a seventh consecutive ballot to become Speaker of the House of Representatives.

  • An intense night of negotiating and a package of concessions provided by McCarthy to rebel Republican appears to have done little to win over a group of hardcore conservative Republicans calling for McCarthy to withdraw from the race.
  • One of the key Republican rebels Rep Matt Gaetz (R-FL) voted for former President Donald Trump, the first time Trump's name has been thrown into the equation and, as he was not formally nominated, the vote will be recorded as "other."
  • With the vote ongoing, observers will be watching closely to see if any of the 20 GOP rebels have switched their vote.
  • An eight ballot will follow directly after the conclusion of the current vote unless McCarthy decides to push for a recess. For this he will need a majority vote which is unlikely with Democrat whipping against a recess.
HomepagePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
HomepagePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.