MNI China Daily Summary: Thursday, January 2

MNI: UK DEC FINAL MANUF PMI 47.0 (FLASH: 47.3); NOV: 48.0

MNI: EUROZONE DEC FINAL MANUF PMI 45.1 (FLASH: 45.2); NOV: 45.2

MNI China Press Digest Jan 2: Domestic Demand, Debt, Housing

CHINA DEC CAIXIN MANUFACTURING PMI 50.5 VS 51.5 IN NOV

MNI: PBOC Net Drains CNY273.8 Bln via OMO Thurs

MNI: GERMANY DEC FINAL MANUF PMI 42.5 (FLASH: 42.5); NOV: 43.0

MNI: FRANCE DEC FINAL MANUF PMI 41.9 (FLASH: 41.9); NOV: 43.1

MNI: ITALY DEC MANUF PMI 46.2 (FCST: 45.0); NOV 44.5

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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TURKEY: Minimum Wage Commission to Kick Off on Dec 10th, Sizeable Wage Hike Exp.

TURKEY
BulletEM BulletEmerging Market News

Turkey's minimum wage commission are set to hold their first meeting on December 10th. 

Erdogan last week again pledged a hike to minimum wages that would top inflation in 2025, a pledge that he may be making to compensate for the lack of a mid-year raise in the minimum wage rate. With CBRT forecasting end-2025 inflation at 21%, markets expect a rise of 25-30% early next year, however it's Erdogan who has the final call after the commission makes its recommendations.

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Turkey's minimum wage commission are set to hold their first meeting on December 10th. 

Erdogan last week again pledged a hike to minimum wages that would top inflation in 2025, a pledge that he may be making to compensate for the lack of a mid-year raise in the minimum wage rate. With CBRT forecasting end-2025 inflation at 21%, markets expect a rise of 25-30% early next year, however it's Erdogan who has the final call after the commission makes its recommendations.