MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

MNI BRIEF: Brazil Annual Inflation Rises To 4.87% In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

US NFIB NOV SMALL BUSINESS INDEX 101.7

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

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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POLAND: NBP Finances Could Come Under Closer Scrutiny on Draft Amendment

POLAND
  • The finance ministry are to prepare a draft amendment on the laws surrounding the NBP, aiming to streamline communication between policymakers at the central bank and ministers in the finance ministry. The proposals follow concerns raised over the negative financial results posted by the NBP in recent years - as it hinders the construction of the state budget. Elsewhere on public finances, PAP Biznes cites ministers in reporting that 80% of Poland's financing needs have now been completed for 2024 after Tuesday's bond sale.
  • Polish President Duda appears to have successfully linked the issue of illegal immigration over the Belarusian border with that of Chinese trade into the EU - Duda raised the issue in a state visit to Beijing in June - effectively threatening to close off China's key export-by-rail route into the EU unless illegal crossings from Belarus are curtailed. The warning has been considered successful so far, with the foreign minister citing lower crossings since June, according to Bloomberg. 
  • The loans and lending market looks ahead to a bright 2024 as the industry has adjusted to new regulations over the past two years, allowing lenders to increase profits - although revenues still remain under pressure due to non-interest expenses, according to Puls Biznesu. 
  • In their latest report into Polish equity markets, PWC write that there is growing interest in IPOs on the Warsaw Stock Exchange, with prep work already taking place among companies from Poland and across CEE. 
  • Ministers meet later today to discuss critical infrastructure across Poland including security and stability of crude and energy reserves. A subcommittee is also due to examine the finance ministry's approach to taxes on entrepreneurs and businesses. 
PolandCEEMEAEM BulletBulletGlobalEmerging Market NewsRegion
PolandCEEMEAEM BulletBulletGlobalEmerging Market NewsRegion

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