MNI China Daily Summary: Friday, January 10

MNI BRIEF: China To Adopt Very Proactive Fiscal Policy-Offical

CANADA LIBERAL LEADERHIP VOTE TO REPLACE TRUDEAU SET FOR MAR 9

MNI BRIEF: PBOC Suspends Bonds Trades As Yields Drop

MNI: PBOC Net Drains CNY14.8 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1891 Fri; -2.36% Y/Y

USDA: CORN STOCKS 12,074M BSL ON JAN 1

MNI: USDA: 2024/2025 CORN PRODUCTION EST 14.87B BSL

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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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PERU: BCRP’s Velarde, Finance Minister Arista To Speak

PERU
BulletPeruEM BulletEmerging Market News
  • BCRP President Julio Velarde and Finance Minister Jose Arista will speak at the annual CADE business conference in the city of Arequipa today. No macro data are due, with November CPI inflation the next scheduled release on Dec 1. Early analyst estimates suggest that prices are on course to rise 0.1% m/m, which if correct would lift the annual CPI inflation rate to around 2.3% y/y, from 2.0%.
  • Meanwhile, BNamericas reports that this week’s firing of energy and mines minister Romulo Mucho is a blow to efforts to tackle illegal mining in the country. Congress voted to fire Mucho on Tuesday over a bill the government introduced last week to increase oversight on informal miners that has prompted nationwide protests.
  • With his departure, the chances of the bill’s approval are low, which the report suggests will allow illegal mining operations to continue outside the formalisation process. Illegal mining is expected to generate $6bn in revenues this year.
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  • BCRP President Julio Velarde and Finance Minister Jose Arista will speak at the annual CADE business conference in the city of Arequipa today. No macro data are due, with November CPI inflation the next scheduled release on Dec 1. Early analyst estimates suggest that prices are on course to rise 0.1% m/m, which if correct would lift the annual CPI inflation rate to around 2.3% y/y, from 2.0%.
  • Meanwhile, BNamericas reports that this week’s firing of energy and mines minister Romulo Mucho is a blow to efforts to tackle illegal mining in the country. Congress voted to fire Mucho on Tuesday over a bill the government introduced last week to increase oversight on informal miners that has prompted nationwide protests.
  • With his departure, the chances of the bill’s approval are low, which the report suggests will allow illegal mining operations to continue outside the formalisation process. Illegal mining is expected to generate $6bn in revenues this year.