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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President AMLO Lashes Out At Supreme Court Justices

MEXICO
  • Earlier today, Mexico's president lashed out at his nation’s Supreme Court, likening justices who frustrated his plan to hand control of the civilian-led National Guard to the Army to a former minister convicted of taking bribes. (Reuters)
  • As a reminder, the Supreme Court decided that legislation promoted by AMLO mandating that the Army assume control of the National Guard was unconstitutional, with two of four justices nominated by Lopez Obrador voting against him. Eight of the eleven justices voted against his plan.
  • AMLO said on Wednesday he would stick to his plan, vowing to present a constitutional reform to Congress next year to ensure the Army was given charge over his signature security force.
    • The president stated that those opposing his vision had acted in a "factious manner in accordance not with legal, but political criteria, defending the old practices of the authoritarian and corrupt regime," referring to past governments that he opposed.
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