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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.
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Free AccessMNI US OPEN - ECB Set to Deliver Third Consecutive Cut
MNI China Daily Summary: Thursday, December 12
Ministers Outline Ambitious Capacity Plans
- Grid capacity is a focus among local press, with Electricity Minister Ramakgopa outlining plans to increase transmission lines and electricity infrastructure across South Africa with an ambitious set of plans that should result in a 600% increase in capacity over the next 10 years. Plans include the immediate rollout of three separate plans to increase capacity by 2,300MW – equating to two levels of load-shedding.
- Eskom started the week with 4,000MW of load-shedding into 5am today, before cuts are scaled back to 2,000MW during the day until 4pm today – after which blackouts ramp up again overnight.
- Private credit data came in ahead of expectations, rising by 6.25% vs. Exp. 5.90%. Meanwhile, M3 money supply rose 11.15% on a Y/Y basis. Trade balance data is the focus for the week ahead, with markets expecting the surplus to shrink to R5.0bln from R10.2bln prior.
- Data picks up later in the week, with ABSA Manufacturing PMI tomorrow, and S&P PMI following on Thursday.
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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.