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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Scotiabank Says Data Reinforces Call For +25BP Hike In Feb

MEXICO
  • December inflation data reinforces Scotiabank’s expectation of a hike of 25bps at Banxico’s February monetary policy meeting, decoupling from the Fed.
  • Despite a moderation in headline and core inflation, uncertainty remains high, as noted in the last monetary policy minutes, highlighting both external and internal risks, and possible stickiness in core inflation at high levels.
  • In this regard, expectations in the Citibanamex Survey also remain high, as analysts expect a year-end inflation rate of 4.98% for 2023, and 4.07% at end-2024, slightly above the 4% upper limit of Banxico’s target range.
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