MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

MNI: NORWAY NOV CPI +0.3% M/M, +2.4% 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 POLITICAL RISK - Harris Breaks With Biden On Capital Gains

US
  • Vice Kamala President Harris continued her slow drip approach to policy, proposing yesterday in a New Hampshire speech that she would increase capital gains tax to 28% for those earning more than USD$1 million - another tack to the centre and a clear break from the 44.6% effective rate Biden called for in a July budget request.
  • House Speaker Mike Johnson (R-LA) has embraced a plan backed by hardline conservatives to include the SAVE Act in his short-term funding bill to extend FY24 funding beyond the September 30 deadline.
  • Former high-profile Republican House rep Liz Cheney, whose opposition to Trump effectively ended her congressional career, yesterday publicly endorsed Harris for president.
  • President Biden is reportedly preparing to block Nippon Steel’s proposed USD$14.9 billion acquisition of US Steel over national security concerns.
  • Trump is reducing his campaigning presence in several ‘reach states’ that appeared in play when Biden was the Democrat candidate.
  • Treasury Secretary Janet Yellen will deliver remarks today in swing state North Carolina on how the Inflation Reduction Act is helping lower energy costs.
  • Israel Prime Minister Benjamin Netanyahu again restated that IDF forces must remain deployed in the strip of land between Gaza and Egypt, known as the Philadephi Corridor. A senior US official suggested that Netanyahu's hardline position isn't "particularly helpful" to ongoing ceasefire negotiations.
  • Russian President Vladimir Putin said he would prefer Vice President Kamala Harris to win the US presidential election.
  • Poll of the Day: Democrat Senate candidates are “broadly outrunning Harris” in presidential election swing states.
Full article: US Daily Brief
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