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 Mexican peso strengthened toward 17.91 per US dollar, testing its strongest level since July 2024, as broad US dollar weakness compounded with a cautious domestic policy backdrop. The recent pullback in the greenback reflects renewed concerns about Federal Reserve independence following reports of a Justice Department inquiry into Chair Jerome Powell, alongside rising expectations for additional Fed rate cuts after December nonfarm payrolls came in below forecasts. At home, after the widely expected 25 bp cut to 7.00% in December, Banxico’s minutes underscored a data dependent stance, acknowledging that while disinflation is advancing, underlying pressures, particularly in core components, still call for prudence. Policymakers signalled no urgency to accelerate easing, framing future moves as conditional rather than pre committed, which helped stabilise expectations after the initial narrowing of the rate differential.
