MNI China Daily Summary: Tuesday, December 31

MNI China Press Digest Dec 31: PBOC, Panda Bonds, EVs

MNI: PBOC Net Injects CNY93.6 Bln via OMO Tues

CHINA DEC MANUFACTURING PMI 50.1 VS 50.3 IN NOV

MNI: PBOC Sets Yuan Parity Lower At 7.1884 Tues; -2.65% Y/Y

MNI: China CFETS Yuan Index Down 0.13% In Week of Dec 27

MNI:US OCT FHFA HPI SA +0.4% V +0.7% SEP; +4.5% Y/Y

MNI: US REDBOOK: DEC STORE SALES +5.5% V YR AGO MO

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

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: Oil Spikes at European Close

OIL
BulletEnergy BulletsCommodities

Oil markets jump sharply higher on Friday but does not appear to have been driven by a specific headline.

  • Brent DEC 24 up 2.2% at 76.02$/bbl
  • WTI DEC 24 up 2.4% at 71.84$/bbl
  • Oil markets saw a number of similar moves this week, most notably on Tuesday seemingly linked to fears of Middle East escalations.
  • The move may also be impacted by some market participants looking to set their positions in advance for the next trading week.
  • A potential driver is a headline from Axios that reported the US army is sending reinforcements of F16 aircraft to the Middle East, against a backdrop of preparations for an Israeli attack on Iran, and possibly an Iranian response.
  • There were also headlines on twitter suggesting that Iran pledged to close the straits of Hormuz in the event of an attack, but the source of these headlines could not be verified and the accounts circulating it are so far unreliable.
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Oil markets jump sharply higher on Friday but does not appear to have been driven by a specific headline.

  • Brent DEC 24 up 2.2% at 76.02$/bbl
  • WTI DEC 24 up 2.4% at 71.84$/bbl
  • Oil markets saw a number of similar moves this week, most notably on Tuesday seemingly linked to fears of Middle East escalations.
  • The move may also be impacted by some market participants looking to set their positions in advance for the next trading week.
  • A potential driver is a headline from Axios that reported the US army is sending reinforcements of F16 aircraft to the Middle East, against a backdrop of preparations for an Israeli attack on Iran, and possibly an Iranian response.
  • There were also headlines on twitter suggesting that Iran pledged to close the straits of Hormuz in the event of an attack, but the source of these headlines could not be verified and the accounts circulating it are so far unreliable.