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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NBH Rate Decision Takes Focus with Moderation in Pace of Easing Expected

HUNGARY
  • Having completed the process of rate convergence with a 100bp cut to the one-day deposit rate last month, the NBH are likely to moderate the pace of its easing cycle at this meeting given heightened market uncertainty surrounding Israel-Palestine matters. Among sell-side, expectations are unanimous that the scale of rate cut be reduced at this meeting. Of the views we have previewed, most are expecting a 75bp cut to the base rate.
  • Hungary’s average gross wages rose 15.3% y/y (Est: +14.8%) in August versus +15.3% in July, according to the Central Statistical Office.
  • Meanwhile, GKI economic sentiment was unchanged at -17 in October from September, according to the GKI Economic Research. Business confidence fell to -10.5 from -9 while consumer confidence rose to -35.6 from -39.6.
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