MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Japan Nov Sentiment, Outlook Indexes Rise

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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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OPEC+ Production Cut “Not Helpful”: IEA CHIEF

OIL

The OPEC+ production cut of 2mbpd announced last month is not helpful and is hurting emerging markets, Fatih Birol, IEA chief executive director, said on Bloomberg TV.

  • “We know that the world is about to slide into a recession…the recent decision of OPEC+ to cut the current production by 2bn b/d was definitely not helpful. We are going to see main economies such as China how they are going to perform”, Birol said.
  • The OPEC+ production cut “is causing inflation, economic weakness, especially in developing and emerging countries.”
  • “The last decision of cutting 2mn b/d in my view… was unprecedented.”
  • While market participants saw more responsible actions by OPEC+ in the past, the recent decision of the output cut was unexpected and many might rethink the decision, he said.
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