MNI China Daily Summary: Thursday, December 12

RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

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 - Trump Hit With Fourth Indictment

US
  • A Georgia grand jury yesterday approved an indictment on former President Donald Trump, and 18 of his associates, on charges he conspired to overturn the result of the 2020 presidential election - potentially the most consequential of his four indictments as Trump would have no executive powers to pardon himself, should he win the 2024 presidential election.
  • Treasury Secretary Janet Yellen said in a major speech on the Inflation Reduction Act yesterday that, “the climate transition is one of the biggest economic transitions of our lifetimes."
  • Secretary of State Antony Blinken will meet virtually today with Japanese Foreign Minister Hayashi Yoshimasa and South Korean Foreign Minister Park Jin ahead of a key trilateral leaders' summit at Camp David on Friday.
  • House Speaker Kevin McCarthy (R-CA) says he expects a short-term funding measure will be necessary to avoid a government shutdown in October.
  • The US State Department reiterated yesterday that a deal with Iran to secure the release of detained Americans is not linked with nuclear negotiations.
  • Poll of the Day: Trump increased his lead in Republican presidential polling following his third indictment.

Full article: US Daily Brief

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