MNI China Daily Summary: Friday, December 27

MNI BRIEF: BOJ: Rate Hike Chance Nearing; Mull Patiently

MNI: PBOC Net Injects CNY6.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1893 Fri; -2.12% Y/Y

MNI JAPAN NOV FACTORY OUTPUT DROPS 2.3% M/M; OCT +2.8%

MNI JAPAN NOV JOBLESS RATE AT 2.5%, UNCHANGED FROM OCT

US EIA:NAT GAS STORAGE -93 BCF TO 3,529 BCF DEC 27 WK

MNI: US JOBLESS CLAIMS -1K TO 219K IN DEC 21 WK

MNI: US REDBOOK: DEC STORE SALES +5.0% V YR AGO MO

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 Commodity Weekly: Oil Markets Assess Trump Impact

Commodities Weekly AnalysisStoryAnalysis

Executive Summary:

  • Oil Markets Assess Potential Trump Impact: The new U.S. presidency offers a significant shake up for oil markets, most notable in the short term on potentially harsher Venezuela/Iran sanctions and possible Canada/Mexico tariffs.
  • Oil Market: Crude markets have eased back from a high on Nov. 22 with easing Middle East risk premium weighed with uncertain fundamentals ahead of the OPEC+ minister meeting on Dec. 1. Diesel cracks reached the highest since July on Nov. 26 while gasoline cracks have lost ground although increased travel during the upcoming Thanksgiving holiday could provide a boost.
  • Analyst Views: See oil market outlooks by biggest names in industry. 

Full piece here:

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Executive Summary:

  • Oil Markets Assess Potential Trump Impact: The new U.S. presidency offers a significant shake up for oil markets, most notable in the short term on potentially harsher Venezuela/Iran sanctions and possible Canada/Mexico tariffs.
  • Oil Market: Crude markets have eased back from a high on Nov. 22 with easing Middle East risk premium weighed with uncertain fundamentals ahead of the OPEC+ minister meeting on Dec. 1. Diesel cracks reached the highest since July on Nov. 26 while gasoline cracks have lost ground although increased travel during the upcoming Thanksgiving holiday could provide a boost.
  • Analyst Views: See oil market outlooks by biggest names in industry. 

Full piece here:

Keep reading...Show less