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
The offshore yuan weakened to around 6.79 per dollar on Monday, reversing gains from the previous session as renewed concerns over China’s economic outlook weighed on sentiment. A private survey showed that the Manufacturing PMI eased to a three-month low of 51.7 from 51.8 in May. The reading followed stronger-than-expected official data showing the Manufacturing PMI rising to 50.3 in June from 50.0 in May, above forecasts of 50.1. Sentiment was also weighed down by an assessment from Goldman Sachs, which noted a more cautious tone among local clients regarding China’s near-term growth outlook, alongside concerns over weak consumer confidence, persistent labor market pressures, and the prolonged property downturn. The yuan’s weakness came even as the PBOC set the daily midpoint at 6.8067 per dollar, its strongest fixing in more than three years. Meanwhile, the EU’s trade chief and China’s commerce minister began talks in Brussels aimed at easing trade tensions.
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