MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

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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OIL: Libyan Supply Potential Offsetting Rising Middle East Tensions.

OIL
BulletEnergy BulletsCommodities
  • West Texas Intermediate has stabilized for now above $68 as news breaks of the potential ground raids by Israel into Lebanon.
  • As the markets digests the impending supply coming on line from Libya, it comes at a time when the ever evolving situation in the Middle East conflict evolves further.
  • WTI is trading at $68.27 in the Asia morning session, with Brent at $71.70.
  • Alongside the anticipated return of supply from Libya (following a compromise reached by regional governments over the new Central Bank Head for the country) OPEC has indicated that it will stick to its original plan to bring back online further production.
  • All of this occurs against a backdrop of slowing global growth with China slowing down and the US cutting rates to avoid a rapid slowdown.
  • For September, West Texas saw a decline of 7.30% and Brent 5.95%.  
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  • West Texas Intermediate has stabilized for now above $68 as news breaks of the potential ground raids by Israel into Lebanon.
  • As the markets digests the impending supply coming on line from Libya, it comes at a time when the ever evolving situation in the Middle East conflict evolves further.
  • WTI is trading at $68.27 in the Asia morning session, with Brent at $71.70.
  • Alongside the anticipated return of supply from Libya (following a compromise reached by regional governments over the new Central Bank Head for the country) OPEC has indicated that it will stick to its original plan to bring back online further production.
  • All of this occurs against a backdrop of slowing global growth with China slowing down and the US cutting rates to avoid a rapid slowdown.
  • For September, West Texas saw a decline of 7.30% and Brent 5.95%.