MNI China Daily Summary: Friday, December 13

MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

CHINA YTD NEW LOANS CNY17.1 TRLN VS MEDIAN CNY17.5 TRLN: PBOC

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

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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MNI BRIEF: War Has Increased Financial Stability Risks - Knot

(MNI) London

Europe’s near-term growth outlook has deteriorated as a result of Russia’s invasion of Ukraine, challenging the prospects for a sustained and broad-based recovery from COVID-19 and increasing the risk of financial market strains caused by volatile commodity markets, Financial Stability Board chair and Dutch central bank head Klaas Knot said in a speech Tuesday.

Undetected leverage is another concern, Knot said, with certain banks prepared to take large positions without having sufficient visibility into the total leverage of their counterparties - a particular source of concern given the likelihood of tighter financing conditions (MNI INTERVIEW2: End of ECB Negative Rates In Sight- Knot).

Cyber attacks continue to be a source of risk, while the Russia-Ukraine war has reinforced pre-existing concerns about the growth and potential illicit use of crypto-assets. The FSB is however well placed to take a leading role in the design of a coherent global regulatory framework for crypto-assets, Knot said.

MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
Private sectorNetherlandsPolicy NewsCentral Bank NewsHomepageEuropean Central BankFiscalRegulationCEEMEAEurozoneEuropean Central Bank (ECB) Market NewsBriefStoryRegion
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MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
Private sectorNetherlandsPolicy NewsCentral Bank NewsHomepageEuropean Central BankFiscalRegulationCEEMEAEurozoneEuropean Central Bank (ECB) Market NewsBriefStoryRegion
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