MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

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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SOUTH AFRICA: SARB To Release Financial Stability Review

SOUTH AFRICA
EM BulletBulletEmerging Market News
  • Tensions between the opposition Economic Freedom Fighters (EFF) and uMkhonto weSizwe (MK) parties continue to simmer, with ex-senior EFF official Dali Mpofu, who recently jumped ship to the MK party, denying allegations that he had been pushing for a merger prior to leaving the EFF. Mpofu insisted that he was advocating unity between progressive parties rather than calling for the EFF to "collapse into MK."
  • S&P raised the outlook for South Africa's GDP growth by 0.1pp across 2024, 2025 and 2026 to +1.0% Y/Y, +1.6% Y/Y and +1.4% Y/Y respectively, citing above-forecast retails sales and the introduction of the two-pot pension system.
  • The South African Reserve Bank (SARB) will release its biannual Financial Stability Review (FSR) at 14:00GMT/16:00SAST. The release will be covered live on the SARB's social media channels.
  • Statistics SA will release October PPI data at 09:30GMT/11:30SAST. Producer prices may have slipped by 0.2% Y/Y, according to Bloomberg consensus.
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  • Tensions between the opposition Economic Freedom Fighters (EFF) and uMkhonto weSizwe (MK) parties continue to simmer, with ex-senior EFF official Dali Mpofu, who recently jumped ship to the MK party, denying allegations that he had been pushing for a merger prior to leaving the EFF. Mpofu insisted that he was advocating unity between progressive parties rather than calling for the EFF to "collapse into MK."
  • S&P raised the outlook for South Africa's GDP growth by 0.1pp across 2024, 2025 and 2026 to +1.0% Y/Y, +1.6% Y/Y and +1.4% Y/Y respectively, citing above-forecast retails sales and the introduction of the two-pot pension system.
  • The South African Reserve Bank (SARB) will release its biannual Financial Stability Review (FSR) at 14:00GMT/16:00SAST. The release will be covered live on the SARB's social media channels.
  • Statistics SA will release October PPI data at 09:30GMT/11:30SAST. Producer prices may have slipped by 0.2% Y/Y, according to Bloomberg consensus.