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MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

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MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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MNI POLITICAL RISK - Govt Shutdown Risk Averted, Biden-Xi Bilat

US
  • At 14:00 ET 19:00 GMT today, President Biden will cap months of intensive diplomacy when he meets Chinese President Xi Jinping for a bilateral meeting on the margins of the APEC Leaders' Summit in San Francisco, California.
  • With few concrete deliverables on the cards, the bilat will primarily function as a checkpoint to dial back tensions which followed then-Speaker Nancy Pelosi's (D-CA) trip to Taiwan in August last year and subsequent diplomatic fallout over the Chinese 'spy balloon' in January.
  • The House of Representatives yesterday passed House Speaker Mike Johnson’s (R-LA) two-tiered Continuing Resolution to fund the government and prevent a government shutdown on November 17.
  • Johnson will have until January/February to legislate his Fiscal Year 2024 bills but there are clear warning signs that the next showdown will be more severe and carry greater risk of a prolonged government shutdown.
  • US Secretary of State Antony Blinken met yesterday with his Japanese and South Korean counterparts at APEC, building on a major foreign policy goal of the Biden administration which may increase security risks in the Indo-Pacific.
  • US President Joe Biden touted "progress" in bringing down inflation in a statement on yesterday’s CPI report but voters are unlikely to be sold on 'Bidenomics.'
  • House Speaker Mike Johnson's (R-LA) has endorsed Donald Trump for president in 2024.
  • Poll of the Day: The partisan divide over US security assistance to allies at war.
Full article: US Daily Brief
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