MNI China Daily Summary: Thursday, Dec 5

MNI: UK NOVEMBER CONSTRUCTION PMI 55.2 (FCST: 53.5); OCT 54.3

MNI: EUROZONE NOVEMBER CONSTRUCTION PMI 42.7 OCT 43.0

MNI BRIEF: China Construction Output Slows In November

MNI: PBOC Net Drains CNY153 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1879 Thurs; -1.82% Y/Y

MNI: EUROZONE OCT RETAIL SALES -0.5% M/M, +1.9% Y/Y

MNI: FRANCE OCT INDUSTRIAL PRODUCTION -0.1% M/M, -0.6% Y/Y

MNI: GERMANY OCT FACTORY ORDERS -1.5% M/M

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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Rising Inflation May Curb Spending and Investment

CZECHIA
  • The deterioration in Russia/Ukraine conflict has left CEE currencies vulnerable in the past two weeks, erasing all of their early January gains.
  • As a result, CEE central banks raised their voices, announcing markets that they stand ready to intervene in the FX markets in order to ease the selling pressure.
  • Yesterday, CNB policymaker Holub also reiterated that CNB is ready to intervene to stabilise the Koruna, but said that immediate interventions were not needed for now.
  • The CNB also added that the Russia/Ukraine conflict is likely to increase inflationary pressures through the cost of energy and therefore may curb spending and investment.
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