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 New Zealand dollar rose to $0.569 on Friday, heading for a weekly advance, supported by encouraging manufacturing data. The country’s manufacturing sector expanded for a fourth straight month in October, driven by rising new orders and improved demand. The kiwi also benefited from a weaker US dollar as investors worry that the upcoming release of delayed economic reports, following the end of the country’s longest government shutdown, may reveal a slowing US economy. However, upside for the currency remains limited amid expectations that the Reserve Bank of New Zealand will ease policy again at its meeting later this month, reinforced by soft jobs data and a subdued inflation outlook. Markets are largely pricing in a 25bps rate cut, with a 10% chance of a larger 50bps move. For the week, the New Zealand dollar is up more than 1%, poised to snap a two-week losing streak.
