S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
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CAC 40 — French Market Index
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Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
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STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketIron ore futures slipped below CNY 790 per ton, pulling back from over two week highs as concerns about excess global supply and weakening demand in top consumer China weighed on prices. China is on track to import more than 100 million tons of iron ore for a sixth straight month, putting total annual imports on course for a new record. Shipments from a major Australian export terminal also hit a record high in October as Chinese demand remained resilient despite economic headwinds. On the demand side, analysts warned that hot metal output in China, a key gauge of iron ore consumption, is likely to decline in the coming weeks. China’s central bank also kept key lending rates unchanged for a sixth straight meeting in November, signaling no near-term policy easing. Additionally, the US Federal Reserve signaled that it may hold off on a December rate cut, hurting the overall demand outlook.
