S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
The offshore yuan held its decline around 6.72 per dollar on Wednesday as the US dollar strengthened amid mounting inflation concerns and growing expectations of a near-term Federal Reserve rate hike. The greenback remained firm as renewed tensions in the Middle East heightened fears of further disruptions in the Strait of Hormuz, adding to inflationary pressures and reinforcing expectations that major central banks could keep monetary policy tighter for longer. Further weighing on the yuan, the People’s Bank of China set the daily midpoint fixing at 6.7829 per dollar, 591 pips weaker than the Reuters estimate, signaling continued efforts by policymakers to temper the currency’s appreciation. On the geopolitical front, Putin and Xi discussed the possibility of a trilateral meeting with Trump on the sidelines of China’s APEC summit in November, while Xi is also set to visit Washington later this month for talks with the US president.
