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

MNI: US MBA: MARKET COMPOSITE +5.4% SA THRU DEC 06 WK

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

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

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

What to watch

OUTLOOK
  • There isn't too much out of Europe this morning with the exceptions of 30-year gilt and Schatz auctions and a scheduled speech by ECB's Villeroy this morning (the theme isn't monpol though).
  • Instead the attention will be on North American data with Canadian inflation, US retail sales and US IP the main highlights of the upcoming session.
  • In terms of Canadian data, there is still more than two months to the next BoC decision where markets broadly price around a 30% probability of a 25bp hike. Most analysts expect headline CPI to fall to 2.9-3.1%Y.Y. The BoC remains more focused on the three-month run rate of the averages of the median and trim measures which was 3.7% annualized in May (recent statements have noted stickiness in the 3.5-4% range). There is potential for Canadian inflation to have a broader market impact today, given the lack of other key releases.
  • In the US advance retail sales are forecast to increase 0.5%M/M with most analysts in a 0.4-0.7%M/M range while IP is expected to come in flat in June.
  • Again, give then lack of traditional drivers in the macro space today, there will be increased focus in cross market moves (such as equities and oil).
Homepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.