MNI China Daily Summary: Monday, November 18

MNI BRIEF: China’s October Youth Employment Rate Remains High

MNI BRIEF: Beijing Retail Sales Growth Decline Narrows In Oct

MNI: PBOC Net Injects CNY38.9 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1907 Mon; +0.11% Y/Y

CHINA PBOC CONDUCTS CNY172.6 BLN VIA 7-DAY REVERSE REPOS MON

Japan Sep Machine Orders -0.7% M/M

EZ/UK Bond Supply Calendar: EU Synd; SK, BE Auction on Monday

MNI: US SEP BUSINESS INVENTORIES +0.1%; SALES +0.3%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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Middle East Instability a Risk but German Gas Supply Secure: E.ON

NATURAL GAS

Gas supply to Germany this winter is secure but instability in the Middle East is a risk with reliance on LNG supplies from the Gulf according to E.ON.

  • Some shipping companies are rerouting vessels due to the risk of Houthi attacks in the Red Sea.
  • "If there is an escalation, that would have an impact on all energy markets," CEO Leonhard Birnbaum said to the Rheinische Post newspaper. "They are more interwoven than before: not only the oil price, but also gas and electricity prices. The Persian Gulf is the central route for oil and LNG."
  • The gas supply situation is far better than last winter with full storage and lower LNG purchases from China. "It would take a lot for there to be gas shortages this winter,"
  • There was no prospect of Germany's decommissioned nuclear plants ever being reactivated, Birnbaum added.
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