MNI China Daily Summary: Friday, December 27

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

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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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IDR: Rupiah Weakens at Open on Stronger USD.  

IDR
EM BulletBulletIndonesiaAPACEmerging Market News
  • USD/IDR is up at 16,234 in Jakarta morning; versus Tuesday’s close of 16,195.
  • The rupiah remains well above the 16,000 level where the BI intervened, and with the largest amount of FX reserves on record, and a stated intention of ‘guarding the rupiah boldly’, it is anticipated that more intervention will come. 
  • The recent weakness has dragged the 20-day EMA higher to 16,035.
  • Bloomberg Asia dollar spot index is down by -0.14% and the Bloomberg Dollar spot index is up +0.04%.
  • USD/IDR one-month implied volatility is up this morning to 6.84%, versus 6.755% for yesterday’s close.
  • Indonesia's 10-year bond yield is at 7.05%.
  • Indonesia 5 yr USD CDS at 76bps (Tuesday’s close 75bp, 5-year low 38bps in 2020).

Headlines

  •  Indonesia’s anti-graft agency has identified a close aide of former president Megawati Soekarnoputri as a suspect in a bribery case. (source:  Jakarta Post)

Government Bond Issuance

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  • USD/IDR is up at 16,234 in Jakarta morning; versus Tuesday’s close of 16,195.
  • The rupiah remains well above the 16,000 level where the BI intervened, and with the largest amount of FX reserves on record, and a stated intention of ‘guarding the rupiah boldly’, it is anticipated that more intervention will come. 
  • The recent weakness has dragged the 20-day EMA higher to 16,035.
  • Bloomberg Asia dollar spot index is down by -0.14% and the Bloomberg Dollar spot index is up +0.04%.
  • USD/IDR one-month implied volatility is up this morning to 6.84%, versus 6.755% for yesterday’s close.
  • Indonesia's 10-year bond yield is at 7.05%.
  • Indonesia 5 yr USD CDS at 76bps (Tuesday’s close 75bp, 5-year low 38bps in 2020).

Headlines

  •  Indonesia’s anti-graft agency has identified a close aide of former president Megawati Soekarnoputri as a suspect in a bribery case. (source:  Jakarta Post)

Government Bond Issuance

Keep reading...Show less