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 Slips Back as OPEC+ Confirms Short Delay Plans

OIL

Oil markets falling back again after OPEC+ official communications confirm the widely spread “delegate source” led story earlier in the session.

  • The earlier delegate source story had provided some support for the market while the official communication has prompted weakness again.
  • The short two-month nature of the delay appears to be producing little confidence in the OPEC+ alliance having the ability to control global balances at present against a weak demand backdrop and solid non-OPEC supply.
  • “*OPEC+ ANNOUNCES EXTENTION OF VOLUNTARY CUTS FOR TWO MONTHS” - bbg
  • Brent NOV 24 down -0.2% at 72.53$/bbl
  • WTI OCT 24 down -0.3% at 68.98$/bbl
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