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 offshore yuan weakened to around 6.96 per dollar on Wednesday, snapping a two-session gain as the People’s Bank of China kept the daily fixing weak. The central bank fixed the reference rate at 7.0014 per dollar, softer than estimates from both Reuters and Bloomberg. Policymakers remain wary that excessive currency strength could squeeze exporters, tighten domestic financial conditions, or trigger destabilising capital flows. In response, the weaker-than-expected fixing continued a pattern seen since early December, reflecting Beijing’s determination to manage the pace of yuan appreciation amid capital inflows that buoy sentiment and a declining US dollar. Investors view this approach as a familiar FX playbook, in which authorities tolerate currency strength consistent with macro fundamentals but lean against momentum-driven trades. On the monetary policy front, the PBoC kept the one- and five-year loan prime rates at 3% and 3.5%, marking eight months of policy stability.
