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 MarketThe Brazilian real strengthened past 5.37 per US dollar to over one month highs as the latest domestic price and labor data reinforced the central bank’s restrictive stance, outweighing persistent US dollar strength. Headline inflation slowed to 4.26% in December from 4.46% in November, the lowest since August 2024 and slightly below expectations, while core measures continued to signal firm services price pressures that justify maintaining tight monetary conditions. At the same time, record low unemployment underscored labor market resilience despite elevated real borrowing costs, supporting domestic demand and policy credibility. With the Selic rate held at 15% and 10 year yields still in double digits, Brazil remains one of the most attractive carry destinations among emerging markets, even as the US dollar stayed supported by resilient US activity and reduced expectations for near term Fed easing.
