MNI China Daily Summary: Monday, October 14

MNI BRIEF: China Sep M2 Rises To Four-Month High

MNI BRIEF: China Foreign Trade Grow Steady; Exports +4.3% YTD

MNI BRIEF: China Foreign Trade Facing Pressure In Q4

CHINA YTD NEW LOANS CNY16.0 TRLN VS MEDIAN CNY16.3 TRLN: PBOC

CHINA SEP EXPORTS +2.4% Y/Y VS MEDIAN +6.0% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.2% Y/Y IN YUAN TERM: CUSTOMS

MNI BRIEF: China Sep CPI Slows To 0.4% Y/Y On Base Effects

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.20B BSL

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

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US DATA: Consumer Sentiment Misses Vs Higher Near-Term Inflation Expectations

US DATA
USGlobalEM BulletFixed Income BulletsData BulletBulletMarketsEmerging Market NewsForeign Exchange BulletsRegionNorth America
  • U.Mich consumer sentiment disappointed in the preliminary October release, falling to 68.9 (cons 71.0) after 70.1 in September. It leaves sentiment at one of the lower levels seen this year but well within post-pandemic ranges.
  • Declines and downward surprises were seen in both current conditions and expectations components but were most pronounced for expectations.
  • The preliminary survey period ran until Oct 7 so came before Hurricane Milton made landfall.
  • 1Y: 2.9% (cons 2.7) in Oct prelim after 2.7% in Sept. The surprise increase sees it lift from what was the lowest since Dec 2020.
  • 5-10Y: 3.0% (cons 3.0) in Oct prelim after 3.1% in Sept, falling back more firmly into its typical range. 
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  • U.Mich consumer sentiment disappointed in the preliminary October release, falling to 68.9 (cons 71.0) after 70.1 in September. It leaves sentiment at one of the lower levels seen this year but well within post-pandemic ranges.
  • Declines and downward surprises were seen in both current conditions and expectations components but were most pronounced for expectations.
  • The preliminary survey period ran until Oct 7 so came before Hurricane Milton made landfall.
  • 1Y: 2.9% (cons 2.7) in Oct prelim after 2.7% in Sept. The surprise increase sees it lift from what was the lowest since Dec 2020.
  • 5-10Y: 3.0% (cons 3.0) in Oct prelim after 3.1% in Sept, falling back more firmly into its typical range.