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 - US Daily Brief

US
  • The US House of Representatives yesterday passed a short-term funding bill to keep government agencies funded until December 23. The Senate must now pass the bill to avert a government shutdown at midnight tomorrow.
  • The risk of a shutdown has been raised by a group of Republican Senators who gave a press conference yesterday opposing the “extorted threat” of short-term funding bills.
  • Treasury Secretary Janet Yellen wrote in a Washington Post op-ed yesterday that imbalances boosting inflation are, "easing in many sectors of the economy.”
  • Former President Donald Trump's 2024 presidential campaign is failing to gather momentum amidst poor polling data.
  • House Minority Leader Kevin McCarthy (R-CA) is still struggling to gather support in his bid to become the next Speaker.
  • White House National Security Council Spokesperson John Kirby told reporters yesterday that the US is prepared to help China deal with a COVID-19 surge, should Beijing seek assistance.
  • Two US lawmakers have introduced a resolution calling on President Biden to eject Russia from the UN Security Council.
  • Poll of the Day: Congressional leaders continue to suffer from poor approval.
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