MNI China Daily Summary: Friday, January 10

MNI BRIEF: China To Adopt Very Proactive Fiscal Policy-Offical

CANADA LIBERAL LEADERHIP VOTE TO REPLACE TRUDEAU SET FOR MAR 9

MNI BRIEF: PBOC Suspends Bonds Trades As Yields Drop

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MNI: PBOC Sets Yuan Parity Higher At 7.1891 Fri; -2.36% Y/Y

MNI: FRANCE NOV INDUSTRIAL PRODUCTION +0.2% M/M, -1.1% Y/Y

MNI: FRANCE NOV CONSUMER SPENDING +0.3% M/M, +0.3% Y/Y

MNI: NORWAY DEC CPI -0.1% M/M, +2.2% Y/Y

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 Weakens To Two-Week Lows, SARB Financial Stability Review Eyed

ZAR
EM BulletBulletEmerging Market News

Spot USD/ZAR last changes hands at 18.2361, around 550 pips above neutral levels. Gains past Nov 14 high of 18.3951 would clear the way to Aug 5 high of 18.6850. On the flip side, losses past Nov 19 low of 17.9081 would bring Nov 7 low of 17.2711.

  • SAGB yields have pulled back from best levels but remain slightly higher on the session, with South Africa's 10-year breakeven inflation rate last seen at 5.26%.
  • The aggregate BBG Commodity Index is 0.6% weaker on the day, with the precious metals subindex operating a tad higher.
  • Statistics SA will release October PPI data at 09:30GMT/11:30SAST, with consensus looking for a 0.2% decrease in prices versus the previous year.
  • The SARB will publish its biannual Financial Stability Review (FSR) this afternoon.
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Spot USD/ZAR last changes hands at 18.2361, around 550 pips above neutral levels. Gains past Nov 14 high of 18.3951 would clear the way to Aug 5 high of 18.6850. On the flip side, losses past Nov 19 low of 17.9081 would bring Nov 7 low of 17.2711.

  • SAGB yields have pulled back from best levels but remain slightly higher on the session, with South Africa's 10-year breakeven inflation rate last seen at 5.26%.
  • The aggregate BBG Commodity Index is 0.6% weaker on the day, with the precious metals subindex operating a tad higher.
  • Statistics SA will release October PPI data at 09:30GMT/11:30SAST, with consensus looking for a 0.2% decrease in prices versus the previous year.
  • The SARB will publish its biannual Financial Stability Review (FSR) this afternoon.