MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Japan Nov Sentiment, Outlook Indexes Rise

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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
  • Last week the focus was on the Budget which has generally been very well received, with the exception of the government's recommendation that nurses receive a 1% pay rise. Unions are generally calling for a 12.5% pay rise and the optics of the government not rewarding NHS workers after their efforts through the pandemic are fuelling criticism from the Labour party. How the government reacts this week will be closely watched. Also making the headlines will be the return of schools today in the first step on the roadmap of unlocking the current lockdown measures.
  • In terms of other events this week, BoE Governor Bailey will speak today at 10:00GMT at the Resolution Foundation in an event entitled "The economic outlook". Hélène Rey, professor at the London Business School, will also speak at the event before a Q&A with the session due to finish around 11:00GMT. The virtual event is free to sign up to by clicking here. The event will give Bailey the chance to react to the Budget ahead of next week's MPC meeting. BoE Chief Economist Haldane is the only other MPC member scheduled to make a public appearance this week. He is due to appear in conversation with Professor Sir Partha Dasgupta tomorrow afternoon.
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