MNI China Daily Summary: Thursday, Dec 5

MNI: UK NOVEMBER CONSTRUCTION PMI 55.2 (FCST: 53.5); OCT 54.3

MNI: EUROZONE NOVEMBER CONSTRUCTION PMI 42.7 OCT 43.0

MNI BRIEF: China Construction Output Slows In November

MNI: PBOC Net Drains CNY153 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1879 Thurs; -1.82% Y/Y

MNI: EUROZONE OCT RETAIL SALES -0.5% M/M, +1.9% Y/Y

MNI: FRANCE OCT INDUSTRIAL PRODUCTION -0.1% M/M, -0.6% Y/Y

MNI: GERMANY OCT FACTORY ORDERS -1.5% M/M

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's Al Ghais "Not Concerned" About Russian Flows Rerouting

OIL

OPEC Secretary General Haitham Al Ghais said he was not concerned about the rerouting of Russian crude exports to countries such as China and India.

  • He said OPEC had witnessed many changes in flow patterns in the past.
  • Al Ghais also expressed optimism over China reopeing after Covid-19 restrictions, and said top crude importer's oil demand will grow 500,000 to 600,000 bpd in 2023.
  • Opec expects global oil demand growth to grow 2.3 million barrels per day in 2023, he said.
Energy BulletsCommodities
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