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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OMV Insists on Slovakia/Austria Delivery Location with Gazprom

NATGAS

OMV’s long term Gazprom contract requires delivery at the border between Slovakia and Austria, a location it will insist upon for future deliveries its CEO said earlier Thursday.

  • OMV’s transit agreement with Russia expires at the end of the year, driving fears of a cut off in supplies and further tightening the European energy security situation.
  • OMV’s CEO Alfred Stern said he had no knowledge of what will happen with the upcoming Ukraine/Gazprom gas transit agreement also set to expire at the end of the year.
  • The Austrian company continues to assure customers it has other options for gas and is not reliant on Russia despite it account for +80% of supplies.
  • Germany’s Uniper was awarded more than €13 billion ($14 billion) in damages this week for Russian gas volumes not supplied by Gazprom PJSC since mid-2022 - raising uncertainty in the market over remaining flows to Europe.
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