MNI China Daily Summary: Friday, November 22

UK NOV FLASH MANUF PMI 48.6 (FCST: 50.0); OCT 49.9

EUROZONE NOV FLASH MANUF PMI 45.2 (FCST: 46.0); OCT 46.0

MNI: PBOC Net Drains CNY345.9 Bln via OMO Friday

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

MNI China Daily Summary: Thursday, November 21

GERMANY NOV FLASH MANUF PMI 43.2 (FCST: 43.0); OCT 43.0

FRANCE NOV FLASH MANUF PMI 43.2 (FCST:44.5); OCT 44.5

MNI: GERMANY Q3 FINAL GDP 0.1% Q/Q (VS FCST 0.2%)

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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MNI BRIEF: China Oct M2 Rises To Seven-Month High

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MNI (BEIJING)

China's M2 money supply growth quickened more than expected in October, as deposits increased thanks to the robust stock market following the Government-announced pro-growth policies, People's Bank of China data released Monday showed.

Growth in M2 was 7.5% y/y, a seven-month high, up from September's 6.8% growth and beating the 7.0% forecast. M1 continued to contract, falling for a seventh straight month in October, though with the decline narrowing to -6.1% from the previous record-low of -7.4%.

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MNI (BEIJING)

China's M2 money supply growth quickened more than expected in October, as deposits increased thanks to the robust stock market following the Government-announced pro-growth policies, People's Bank of China data released Monday showed.

Growth in M2 was 7.5% y/y, a seven-month high, up from September's 6.8% growth and beating the 7.0% forecast. M1 continued to contract, falling for a seventh straight month in October, though with the decline narrowing to -6.1% from the previous record-low of -7.4%.

Keep reading...Show less