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
- US Dollar Index moves little after losing 0.5% in the previous session.
- Traders await the preliminary US S&P Global PMI reading due later on Friday.
- US GDP annualized expanded 4.4% in Q3 2025, slightly above expectations and the prior 4.3% reading.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding ground after registering 0.5% losses in the previous session. The DXY is hovering around 98.30 during the Asian hours on Friday. Traders await the preliminary reading of the US S&P Global Purchasing Managers Index (PMI), which will be released later on Friday.
On the data front, the US Gross Domestic Product Annualized grew at 4.4% in the third quarter of 2025, slightly more than expected and the previous reading of 4.3%. Additionally, the Initial Jobless Claims came in at 200K last week, below the market consensus of 212K.
US Personal Consumption Expenditures (PCE) Price Index rose to 2.8% year-over-year in November from 2.7% in October. On a monthly basis, the PCE Price Index rose by 0.2%. The annual core PCE Price Index, the Federal Reserve’s (Fed) preferred gauge of inflation, rose by 2.8% in November, following the 2.7% increase recorded in October and matching the market expectation.
The Greenback faces challenges due to ongoing geopolitical and trade tensions between the United States (US) and Europe. US President Donald Trump first warned several European nations opposing his Greenland takeover plan of fresh tariffs, but later reversed his stance after reaching a framework agreement with NATO for a possible future deal.
However, the US-NATO deal remains unclear, with markets speculating it may include mineral rights and missile deployments. Meanwhile, market analysts warn that Europe could use its large holdings of US assets as leverage, after a Danish pension fund said it would divest from US Treasuries, heightening market uncertainty.
On the policy front, the Federal Reserve is widely expected to maintain interest rates next week. According to the CME FedWatch Tool, markets are now pricing in an 95% chance of a December rate cut.
