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 dollar index eased to below the 100 threshold on Thursday, easing from the five-month high of 100.3 in the prior session after alarming labor data aligned with the argument for a rate cut by the Federal Reserve this month. Challenger job cuts tripled from the previous month in October with firms citing softer consumer demand, trimming the optimism from a rebound in the ADP payroll aggregate to maintain the uncertainty of the US labor backdrop with the absence of official BLS reports. Markets continue to bet on a 25bps rate cut for the Fed next month, but persistent inflation threats drove a portion of investors to position for a hold, lastly evidenced by the surge in the ISM Services PMI price index. The DXY was also pressured by strong wage growth values in Japan, lifting the likelihood of another rate hike by the BoJ. Additionally, ECB policymakers cautioned against upside inflationary risks in the Eurozone to maintain support for the euro.
