MNI China Daily Summary: Friday, December 27

MNI BRIEF: BOJ: Rate Hike Chance Nearing; Mull Patiently

MNI: PBOC Net Injects CNY6.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1893 Fri; -2.12% Y/Y

MNI JAPAN NOV FACTORY OUTPUT DROPS 2.3% M/M; OCT +2.8%

MNI JAPAN NOV JOBLESS RATE AT 2.5%, UNCHANGED FROM OCT

US EIA:NAT GAS STORAGE -93 BCF TO 3,529 BCF DEC 27 WK

MNI: US JOBLESS CLAIMS -1K TO 219K IN DEC 21 WK

MNI: US REDBOOK: DEC STORE SALES +5.0% V YR AGO MO

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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RENEWABLES: German Wind Output Forecast Comparison

RENEWABLES
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See the latest German wind output forecast for base-load hours from SpotRenewables vs Bloomberg’s ECMWF model for the next seven days as of Wednesday afternoon.

  • Both models have similar wind forecasts on 29 November, 2 December and 4 December, with the smallest deviations on those days.
  • Deviations remain steady around 2-5GW between the models over 28 Nov- 4 Dec, with ECMWF consistently predicting higher wind output than SpotRenewables.
  • The largest deviations are seen further out, on 5-6 December.
  • Despite these differences, both models indicate a sharp peak in wind generation on 28 November, followed by a substantial drop on 29 November. Wind is then meant to rebound over 30 Nov-3 Dec before dropping slightly the next day.




     
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See the latest German wind output forecast for base-load hours from SpotRenewables vs Bloomberg’s ECMWF model for the next seven days as of Wednesday afternoon.

  • Both models have similar wind forecasts on 29 November, 2 December and 4 December, with the smallest deviations on those days.
  • Deviations remain steady around 2-5GW between the models over 28 Nov- 4 Dec, with ECMWF consistently predicting higher wind output than SpotRenewables.
  • The largest deviations are seen further out, on 5-6 December.
  • Despite these differences, both models indicate a sharp peak in wind generation on 28 November, followed by a substantial drop on 29 November. Wind is then meant to rebound over 30 Nov-3 Dec before dropping slightly the next day.