CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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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Week Ahead (1/2)

UK
  • Brexit talks will continue this week (and probably the next few weeks too) after Boris Johnson's meeting with Ursula von der Leyen confirmed that progress had been made but that there was still work to do. There was no mention of Johnson's previous deadline of an agreement by the European Summit of 15 October with talks now expected to drag on to around the end of the month. This would still give time for a deal to be ratified but any further delays and it will be difficult for the agreement to be passed before the end of the transition period which is scheduled to end on 31 December.
  • We will see the final services PMI print released today (but only small revisions are expected). The main data release of the week comes on Friday with the monthly GDP print and its constituent components for August – index of services, industrial production, construction and trade. There is a broad array of expectations for where the numbers will come in with most economists expecting the monthly GDP print to come in somewhere in the range of 3-6%M/M.
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