MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate 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

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

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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Rate Divergence With Fed Not Likely To Be Serious

CANADA
  • How much do future rate decisions depend on how and what other central banks do?
  • Macklem: It very much depends on what’s going on here in Canada. We have our own flexible exchange rate and are very much focused on doing what Canadians need. Our policy rate didn’t go as high as the US and divergence is widening as they haven’t cut yet vs our two cuts. Yes there are limits as to how far Canadian and US rates diverge but we’re still not close to that limit. With inflation showing signs of easing in the US, my sense is that that divergence is not going to be particularly serious.
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