MNI China Daily Summary: Friday, February 7

MNI: GERMANY DEC INDUSTRIAL PRODUCTION -2.4% M/M

MNI: GERMANY DEC TRADE BALANCE E20.7BLN

MNI BRIEF: Tariffs Force CBRT To Hike 2025 Inflation Forecast

MNI: PBOC Net Drains CNY100.3 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1699 Fri; -1.35% Y/Y

MNI JAPAN DEC HOUSEHOLD SPENDING +2.7% Y/Y; NOV -0.4%

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

US EIA:NAT GAS STORAGE -174 BCF TO 2,397 BCF JAN 31 WK

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

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SOUTH AFRICA: Ramaphosa Says S. Africa "Won't Be Bullied" Amid Tensions With US

SOUTH AFRICA
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  • President Cyril Ramaphosa told parliament in his State of the Nation Address (SONA) that South Africa "won't be bullied", sending a defiant message to the US after President Donald Trump threatened to cut all aid to the country and Secretary of State Marco Rubio decided to skip a G20 summit in Johannesburg. Furthermore, Ramaphosa outlined plans to continue implementing a structural reform agenda, aiming to "lift economic growth to above 3%". Expectedly, some Government of National Unity (GNU) parties expressed cautious optimism about the speech, while opposition parties MK, EFF and ActionSA signalled their disappointment.
  • Ramaphosa said that the government will "proceed with the preparatory work for the establishment of the National Health Insurance (NHI)" but did not mention any changes to the initial project. The proposed NHI bill sowed division among GNU parties but recent reports suggested that they managed to reach compromise over a revised version of the legislation.
  • The National Treasury will sell linkers today.
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  • President Cyril Ramaphosa told parliament in his State of the Nation Address (SONA) that South Africa "won't be bullied", sending a defiant message to the US after President Donald Trump threatened to cut all aid to the country and Secretary of State Marco Rubio decided to skip a G20 summit in Johannesburg. Furthermore, Ramaphosa outlined plans to continue implementing a structural reform agenda, aiming to "lift economic growth to above 3%". Expectedly, some Government of National Unity (GNU) parties expressed cautious optimism about the speech, while opposition parties MK, EFF and ActionSA signalled their disappointment.
  • Ramaphosa said that the government will "proceed with the preparatory work for the establishment of the National Health Insurance (NHI)" but did not mention any changes to the initial project. The proposed NHI bill sowed division among GNU parties but recent reports suggested that they managed to reach compromise over a revised version of the legislation.
  • The National Treasury will sell linkers today.