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

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI: US NOV SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.342%

MNI: US NOV CPI UNROUNDED M/M 0.313%, CORE 0.308%

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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Merelyn Advisors Confirm Intent To Propose New Telecom Italia Board Candidates At AGM

COMMUNICATIONS



  • Not much new in the Telecom Italia headlines; 0.53% stake holders Merelyn Advisors confirming the position indicated in the BBG sources piece that they have a list of board candidates to present at the AGM.
  • Merelyn seem to be backing the sale of the TITIM consumer and Brazil units while favouring the creation of a TechCo business arm. Again, nothing is certain and Merelyn have failed to enact change at TITIM before.
  • Bonds look to be streaming slightly higher since the announcement but muted DoD and within their intraday range. Potential for faster asset sales presents a bullish possibility for spreads.
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