MNI China Daily Summary: Thursday, December 12

RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

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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Stocks Surge at the Open, US Hits New Alltime High

EQUITIES
  • Having topped 4,000 last week, equities progressed further Monday, with the S&P hitting new all time highs shortly after the open in both cash and equity indices. The risk-on sentiment was evident in consumer discretionary and communication services outperforming, while the only lagging sector was energy thanks to a near 4% pullback in WTI and Brent crude futures.
  • Economic re-opening skewed firms including Norwegian Cruises, Carnival, Caesars Entertainment and United Airlines saw particularly sharp gains, rising by well over 4% apiece Monday.
  • European indices were closed due to Easter Monday market holidays.
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