MNI China Daily Summary: Tuesday, Dec 3

MNI BRIEF: China-Based UK Firms Facing Challenges

MNI: PBOC Net Drains CNY248 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1996 Tue; -1.92% Y/Y

MNI NBP WATCH: Another Policy Hold, Dovish Communications Tilt

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

EZ/UK T-Bill Calendar: Greece, EU Auction on Wednesday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Wednesday

MNI: US BLS: JOLTS OPENINGS RATE 7.744M IN OCT

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Summary – February 22

LATAM
  • The BCB will publish its weekly Focus survey this morning, while in Mexico the minutes to the recent Banxico MPC meeting will be watched for clues to a possible March rate cut. Mexico bi-weekly CPI and the final reading of Q4 GDP will also cross. Elsewhere, Argentina economic activity for December will be released and Uruguay announces its latest interest rate decision. In the US, weekly jobless claims numbers and the prelim February PMI data are on the docket. Fed speakers include Jefferson, Harker, Cook and Kashkari.
  • Global News:
    • US – Nvidia Corp. surged in late trading after delivering another eye-popping sales forecast, adding fresh momentum to a stock rally that already made it the world’s most valuable chipmaker. Revenue in the current period will be about $24bn, the company said in a statement Wednesday. Analysts had predicted $21.9bn on average.
    • JAPAN – the BoJ may exit negative interest rates as soon as March if this year's wage negotiations result in bumper pay hikes exceeding 4%, former board member Makoto Sakurai said on Thursday. BOJ Governor Kazuo Ueda has said this year's annual wage talks, which set pay for 2025, will be a key factor in deciding when to phase out the bank's massive monetary stimulus.
    • MIDEAST – the US again diverged from allies Wednesday to back Israel before the International Court of Justice, despite growing tension between President Biden and Israeli Prime Minister Benjamin Netanyahu over the war in Gaza. In a presentation in The Hague, US officials warned that an advisory opinion from the top UN court, if not properly written, could frustrate peace efforts.
    • CHINA (MNI Beijing) – Chinese consumption will show steady growth in Q1 after strong sales during the Spring Festival, according to He Yadong, spokesperson for the Ministry of Commerce on Thursday. At a press conference, He highlighted Spring Festival passenger flows on major pedestrian streets increased by 32.9% y/y, while cinema tickets set a new record raising CNY8.01 billion yuan.
BulletEM BulletEmerging Market NewsHomepageBank of Japan (BOJ) Market News
BulletEM BulletEmerging Market NewsHomepageBank of Japan (BOJ) Market News

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.