MNI China Daily Summary: Friday, January 10

MNI BRIEF: China To Adopt Very Proactive Fiscal Policy-Offical

CANADA LIBERAL LEADERHIP VOTE TO REPLACE TRUDEAU SET FOR MAR 9

MNI BRIEF: PBOC Suspends Bonds Trades As Yields Drop

MNI: PBOC Net Drains CNY14.8 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1891 Fri; -2.36% Y/Y

USDA: CORN STOCKS 12,074M BSL ON JAN 1

MNI: USDA: 2024/2025 CORN PRODUCTION EST 14.87B BSL

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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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STIR: 149bps of ECB Easing Priced Through Dec '25, Focus On Nov Flash Inflation

STIR
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ECB-dated OIS sit broadly within yesterday’s ranges through next year, with 149bps of easing priced through December 2025.

  • Euribor futures are +1.0 to +3.0 ticks through the blues.
  • November downside in the Z4/Z5 spread has been capped by -96.0 ticks, with better support seen around -100.0 ticks (Oct 16 low).
  • Today’s regional data calendar is once again light, with primary focus on the November flash inflation round, starting tomorrow. MNI’s preview is here.
  • ECB Chief Economist Lane is scheduled to give introductory dinner remarks at a conference on "Macroeconomic Modelling Frontiers for Research and Policy in Central Banks” at 1800GMT/1900CET. No text will be made available.

 

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ECB-dated OIS sit broadly within yesterday’s ranges through next year, with 149bps of easing priced through December 2025.

  • Euribor futures are +1.0 to +3.0 ticks through the blues.
  • November downside in the Z4/Z5 spread has been capped by -96.0 ticks, with better support seen around -100.0 ticks (Oct 16 low).
  • Today’s regional data calendar is once again light, with primary focus on the November flash inflation round, starting tomorrow. MNI’s preview is here.
  • ECB Chief Economist Lane is scheduled to give introductory dinner remarks at a conference on "Macroeconomic Modelling Frontiers for Research and Policy in Central Banks” at 1800GMT/1900CET. No text will be made available.

 

Keep reading...Show less