MNI China Daily Summary: Monday, November 25

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MNI: PBOC Sets Yuan Parity Lower At 7.1918 Mon; -1.35% Y/Y

CHINA PRESS: Yuan To Reach 17% Of Global Payments By 2035

EZ/UK Bond Supply Calendar: Gilt Syndi; IT, DE Due on Tuesday

MNI: GERMANY NOV IFO BUSINESS CLIMATE INDEX 85.7

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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Q4 nonfarm productivity and unit labor are..>

US DATA
US DATA: Q4 nonfarm productivity and unit labor costs numbers are 
unavailable due to the delay of GDP data from the Commerce Department. 
They will be available in later releases when the missing data from 
Commerce are released. 
- Hours worked growth, which they were able to compile, was +1.6% in Q4 
after +1.7% Q3.
- Nonfarm productivity for Q3 was revised down slightly to +2.2% from 
prev +2.3%, while ULC was unrevised from +0.9%.    
- Q4 manufacturing productivity +1.3% after +1.1% in Q3 with output 
growth +2.3% and hours worked growth +1.0%. Manufacturing unit labor 
costs were not reported.
- Q3 nonfarm productivity unrev at +1.3% y/y, while ULC unrev at +0.9% 
y/y.
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