MNI China Daily Summary: Friday, November 15

MNI BRIEF:China Optimistic On Property Despite Investment Fall

MNI BRIEF: China Oct Retail Sales Surge On Holiday, Trade-ins

CHINA OCT INDUSTRIAL OUTPUT +5.3% Y/Y VS MEDIAN +5.5% Y/Y: NBS

MNI: PBOC Net Injects CNY968.8 Bln via OMO Friday

CHINA PBOC CONDUCTS CNY981 BLN VIA 7-DAY REVERSE REPOS FRI

MNI: FRANCE OCT HICP +0.3% M/M, +1.6% Y/Y

MNI: UK Q3 GDP +0.1% Q/Q, +1% Y/Y

MNI: UK SEP TRADE BALANCE GBP -3.46BN

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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RUSSIA: US Plans New Sanctions to Restrict Russia’s Energy Trade, Nikkei Report

RUSSIA
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  • The Biden administration is considering additional financial sanctions on Russia in an effort to prohibit US banks from dealing with Gazprombank, Nikkei reports citing unidentified people including EU officials. The piece adds that the Biden administration aims to increase pressure on Russia before President-elect Donald Trump takes office.
  • The USD/RUB over-the-counter exchange rate reached a new 13-month high of more than 100 on Thursday, Kommersant report. The ruble has been weakening against the dollar since August amid the easing of requirements to sell export revenue, which has been compounded by the dollar's recent rally. However, “experts” cited by the newspaper do not expect authorities to take drastic action regarding the forex market, as a weak ruble is preferable amid rising budget spending.
  • Foreign Minister Sergei Lavrov is in Abu Dhabi to attend a security forum, according to Interfax. Meanwhile, the Bank of Russia will report on the FX structure of foreign trade payments.
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  • The Biden administration is considering additional financial sanctions on Russia in an effort to prohibit US banks from dealing with Gazprombank, Nikkei reports citing unidentified people including EU officials. The piece adds that the Biden administration aims to increase pressure on Russia before President-elect Donald Trump takes office.
  • The USD/RUB over-the-counter exchange rate reached a new 13-month high of more than 100 on Thursday, Kommersant report. The ruble has been weakening against the dollar since August amid the easing of requirements to sell export revenue, which has been compounded by the dollar's recent rally. However, “experts” cited by the newspaper do not expect authorities to take drastic action regarding the forex market, as a weak ruble is preferable amid rising budget spending.
  • Foreign Minister Sergei Lavrov is in Abu Dhabi to attend a security forum, according to Interfax. Meanwhile, the Bank of Russia will report on the FX structure of foreign trade payments.