MNI China Daily Summary: Wednesday, January 15

MNI: SPAIN DEC HICP 0.4% M/M, 2.8% Y/Y

MNI BRIEF: China Sees Favourable Conditions For 2025 Trade

MNI: PBOC Net Injects CNY958.4 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1883 Weds; -2.29% Y/Y

MNI NBP WATCH: Rate Hold Seen After Governor's Hawkish Tilt

MNI: EUROZONE NOV IP +0.2% M/M, -1.9% Y/Y

MNI: FRANCE DEC HICP 0.2% M/M, 1.8% Y/Y

MNI: UK DEC CPI +0.3% M/M, +2.5% Y/Y

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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US LABOR MARKET: NYC Transit Insurer At Risk Of Failure

US LABOR MARKET
  • Bloomberg reports that NY’s insurance regulator has issued a damning report laying out the severely flawed financial condition of New York’s largest insurer of taxis and for-hire vehicles. Full write-up here.
  • “ATIC has become a key player in the New York transit ecosystem, building a market share of about 60% of the city’s taxis and rideshare vehicles by offering relatively cheaper plans than competitors. Bloomberg reported this week that industry analysts and taxi owners were concerned over the future of the company after it posted more than $700 million in net losses in the second quarter — a view shared by the DFS.”
  • We only note this news from an employment perspective, although any failure should presumably see these drivers find alternative sources of insurance in due course: “A collapse of ATIC would leave tens of thousands of livery drivers uninsured and without a source of income,” according to the letter.
USGlobalBulletMarketsFixed Income BulletsRegionNorth America
USGlobalBulletMarketsFixed Income BulletsRegionNorth America

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