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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Recovers Alongside Core FI

SEK

EURSEK and USDSEK move away from session highs in the last hour of trading, likely a spillover from core FI markets, which are off the day's cheapest levels.

  • USDSEK sits around 0.1% higher on the day at 10.9700 (after posting a daily high of 11.0172), just above the 50-day EMA of 10.9531. EURSEK is also around 0.1% higher on the day.
  • Larger-than-expected USD selling by the Riksbank in its second week of FX hedging did not provide the SEK any real support, with the higher-than-expected unemployment rate for September providing residual pressure throughout the day.
  • NOK continues to sit weaker against the G10, allowing NOKSEK to eye 0.9900, currently trading around 0.4% lower today.
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