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

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI: US NOV SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.342%

MNI: US NOV CPI UNROUNDED M/M 0.313%, CORE 0.308%

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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Two More Sources Say OPEC Unlikely To Agree Further Cuts

OIL

OPEC+ is unlikely to decide on further supply cuts at the next meeting scheduled for 3-4 June in Vienna, two sources from the alliance told Reuters.

  • •Two OPEC+ sources said they did not expect the group to agree further output cuts on Sunday.
  • •Another source said it was too soon to be sure of the outcome on Sunday, while a fourth source said the idea of formalising the voluntary cuts as an OPEC+ decision was being looked at.
  • •OPEC+ is scheduled to hold the meeting at 14:00CET on Sunday. Prior to the meeting, the OPEC ministers will met at 11:00CET on Saturday according to Reuters, although unconfirmed by the alliance.
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