MNI China Daily Summary: Thursday, December 12

RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

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 Natural Gas Storage Seen Rising Last Week: Reuters

NATGAS

US natural gas storage is forecast to have showed another below-average build in the week to June 28, according to a Reuters poll of three analysts.

  • Estimates ranged from a rise of 22 bcf to 35 bcf, Reuters said. An average estimate was not provided.
  • This would be another below average injection, with the previous five-year average across 2019-2023 at around 73 bcf, based on Bloomberg data.
  • The EIA will provide the official data at 10:30 ET July 3.
  • The previous week showed higher heating demand due to warmer weather. During the week to June 29, the US was 18 CDD above normal, although a downward revision from below the forecast of 24 CDD.
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