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
Moody’s Ratings on Wednesday downgraded Mexico’s credit rating to “Baa3” from “Baa2” and revised its outlook to stable from negative, saying weaker fiscal conditions and conflicting policy priorities were undermining its policy credibility. The agency cited a sustained weakening in fiscal strength that accelerated in 2024 and is expected to persist, pointing to “rigid” spending, a “narrow” revenue base, and support for the state-run oil firm Petróleos Mexicanos. The economy is expected to remain subdued, as vulnerability to fiscal shocks increases, while GDP is projected to gradually return to around 2% growth. Mexico’s central bank, in its latest quarterly report, forecast economic growth of 1.6% this year and 2% by 2027, while the government has projected up to 2.9% growth next year. Standard & Poor’s credit rating for Mexico stands at BBB with a negative outlook, while DBRS’s rating for Mexico was last reported at BBB with a stable outlook.
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