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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ZAR: Rand Slightly Softer As Greenback Edges Higher

ZAR
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Broader greenback strength (BBDXY +0.1%) supports spot USD/ZAR in early trade, with the pair last trading at 17.4682, around 470 pips higher on the session. Bulls keep an eye on the 50-EMA, which kicks in at 17.6915. Bears see Sep 30 low/round figure of 17.0356/17.0000.

  • China's Finance Minister Lan Fo'an pledged more support for the local property sector and local governments but refrained from offering any details on the character and magnitude of aid measures.
  • South Africa has just market the 200th day without loadshedding, with Eskom saying that its Generation Operational Recovery Plan will boost the economy by 2% and improve its financial outlook by 2025.
  • The aggregate BBG Commodity Index operates 0.7% shy of neutral levels, while the precious metals subindex has now fully erased opening losses. Gold trades ~$4.7/oz. higher on the day.
  • SAGB yields have edged higher across the curve, with South Africa's 10-year breakeven inflation rate last seen at 5.39%.
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Broader greenback strength (BBDXY +0.1%) supports spot USD/ZAR in early trade, with the pair last trading at 17.4682, around 470 pips higher on the session. Bulls keep an eye on the 50-EMA, which kicks in at 17.6915. Bears see Sep 30 low/round figure of 17.0356/17.0000.

  • China's Finance Minister Lan Fo'an pledged more support for the local property sector and local governments but refrained from offering any details on the character and magnitude of aid measures.
  • South Africa has just market the 200th day without loadshedding, with Eskom saying that its Generation Operational Recovery Plan will boost the economy by 2% and improve its financial outlook by 2025.
  • The aggregate BBG Commodity Index operates 0.7% shy of neutral levels, while the precious metals subindex has now fully erased opening losses. Gold trades ~$4.7/oz. higher on the day.
  • SAGB yields have edged higher across the curve, with South Africa's 10-year breakeven inflation rate last seen at 5.39%.