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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Third Day Of Gains For Asia-Pac Bourses

EQUITIES

Another day of gains for Asia-Pac equities, most indices gaining for a third day. Bourses rose almost across the board in Asia, the Hang Seng is the underperformer with losses of around 0.4% as losses in Alibaba post earnings weigh.

  • Markets took a positive lead from the US where indices posted back to back rallies as headlines around the Reddit/GME frenzy subside.
  • In Japan the Nikkei rose over 1%, boosted by automakers as Mitsubishi beat earnings with better guidance, while Toyota enjoyed analyst upgrades. The ASX 200 seeing strong gains as well, shaking off losses in iron ore miners as the commodity continues to come under pressure.
  • E-mini S&P advanced and Nasdaq futures contracts climbed after Alphabet and Amazon reported revenue that topped estimates, while Amazon also noted that CEO Jeff Bezos will step down from his post, but would stay with the company.
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