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

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

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 STOCKS: Late Equities Roundup: Holding Decent to Moderate Gains Ahead CPI

US STOCKS
USEquitiesNorth AmericaBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Stocks are holding decent to moderate gains late Wednesday, little to no reaction to the September FOMC minutes that showed "some" members wanted a 25bp cut rather than the 50bp delivered. Currently, the Dow trades up 360.8 points (0.86%) at 42440.75, S&P E-Minis up 30 points (0.52%) at 5830.5, Nasdaq up 76.9 points (0.4%) at 18260.15.
  • Information Technology and Financial sectors led gainers in late trade, carry-over support for Super Micro Computer, up 4.98% in late trade and nearly 17% on the week after strong graphics processor sales were announced. Other gainers included Corning +4.8%, Palantir +4.25%.
  • Insurance and servicer stocks led the Financial sector late Wednesday: Everest Group +4.23%, Raymond James +2.51%, Globe Life +2.41%.
  • Conversely, Utilities and Communication Services continued to underperform in lat etrade, independent power and electricity providers weighed on the Utility sector: Constellation -7.16%, NRG Energy -6.25%, Vistra -3.85%.
  • Meanwhile, interactive media and entertainment weighed on Communication Services: Google -2.16% after headlines reported the US DOJ "told a federal judge it’s considering recommending that Google be forced to sell off parts of its operations" (BBG). Match traded -2.31%, Meta -0.39%.
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  • Stocks are holding decent to moderate gains late Wednesday, little to no reaction to the September FOMC minutes that showed "some" members wanted a 25bp cut rather than the 50bp delivered. Currently, the Dow trades up 360.8 points (0.86%) at 42440.75, S&P E-Minis up 30 points (0.52%) at 5830.5, Nasdaq up 76.9 points (0.4%) at 18260.15.
  • Information Technology and Financial sectors led gainers in late trade, carry-over support for Super Micro Computer, up 4.98% in late trade and nearly 17% on the week after strong graphics processor sales were announced. Other gainers included Corning +4.8%, Palantir +4.25%.
  • Insurance and servicer stocks led the Financial sector late Wednesday: Everest Group +4.23%, Raymond James +2.51%, Globe Life +2.41%.
  • Conversely, Utilities and Communication Services continued to underperform in lat etrade, independent power and electricity providers weighed on the Utility sector: Constellation -7.16%, NRG Energy -6.25%, Vistra -3.85%.
  • Meanwhile, interactive media and entertainment weighed on Communication Services: Google -2.16% after headlines reported the US DOJ "told a federal judge it’s considering recommending that Google be forced to sell off parts of its operations" (BBG). Match traded -2.31%, Meta -0.39%.