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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Simsek Says Turkey has Overcome Problems in Accessing External Financing

TURKEY
  • Stressing that Turkey has overcome problems in accessing external financing following the steps taken for the economy, Simsek told Turkish newspaper Anadolu Agency that the country has obtained $10.4bln in external financing since June, including $6.7bln from the banking sector. "This is the clearest indication of confidence in the country's economy," Mehmet Simsek said in New York on Monday.
  • Post-election developments such as a ratings upgrade by Moody’s and Fitch, declining CDS spreads and a more traditional policy mix have paved the way for banks and large companies in Turkey to seek external funding.
  • Simsek said confidence in the country is gradually increasing thanks to more rational economic policies. Referring to the financing provided by banks over the past month, he said: "With the strengthening of confidence in the government, the problems encountered with foreign financing are also being solved."
  • As a reminder, Simsek will meet with bankers in New York in an effort to lure more investment for the nation.
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