MNI China Daily Summary: Friday, December 13

MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

CHINA YTD NEW LOANS CNY17.1 TRLN VS MEDIAN CNY17.5 TRLN: PBOC

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

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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Summary – March 13

LATAM
  • No data in the LatAm calendar today, with attention on Brazil retail sales, Peru economic activity and Colombia IP and retail sales to come later this week. In the speaker schedule, Colombian central bank Governor Villar will speak in a congressional committee to discuss interest rate and growth forecasts. Elsewhere, there are no tier one data from the US or Europe.
  • Global News:
    • US - Donald Trump has clinched the Republican presidential nomination, after he crossed the threshold for the number of delegates needed to become the GOP nominee on Tuesday night, the Associated Press reported. That allows Trump free rein to consolidate the Republican Party’s political operation and turn his attention fully toward a rematch with President Joe Biden.
    • EU - The ECB will lower borrowing costs in the spring, with June more likely than April for a first move, Bank of France Governor Francois Villeroy de Galhau said. “We will probably cut rates in spring, and spring in Europe is from April to June 21,” Villeroy said on France Info radio. “It’s perhaps more probable in June — we are very pragmatic and will see depending on the data.”
    • JAPAN - Toyota Motor Corp. met its labour union’s demands for increases in salary and bonuses in full for the fourth straight year, in another sign that a sustainable wage-price cycle may be taking hold in Japan’s economy amid growing speculation over the BoJ’s first interest rate hike in more than a decade. Meanwhile, the government’s chief economist said that Japan’s economy is making progress on exiting deflation judging from recent price data.
BulletEM BulletEmerging Market NewsHomepageBank of Japan (BOJ) Market News
BulletEM BulletEmerging Market NewsHomepageBank of Japan (BOJ) Market News

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