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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Trump Endorsees Look Likely To Prevail In NE And WV Primaries

US

Nebraska and West Virginia have gone to the ballot box today for primary elections ahead of the midterms in November.

  • Both states are Republican leaning with GOP candidates likely to take the House and Governor's mansion in November. The key theme today is the strength of Former President Donald Trump's endorsements .
  • Trump has endorsed Charles Herbster for Nebraska governor and Rep Alex Mooney in West Virginia's 2nd District against fellow rep David McKinley after the two were pushed into the same seat through redistricting.
  • Political betting market Predictit currently has both Trump endorsees as the clear favourites with Mooney opening a significant lead over McKinley this week.
  • Trump's endorsed candidates have already won in the Ohio and Indiana. Primaries today will further illustrate the extent to which his endorsements will influence the midterms.
  • Comes as today President Joe Biden continued his full frontal assault on Trump's 'MAGA' movement in a bid to reframe the midterms as a choice between his administration and a 'extreme political movement.'
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