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 strengthened past 7.06 per dollar, hitting its highest level since October 2024, supported by a strong central-bank fixing and improving sentiment toward the currency. The People’s Bank of China set the daily midpoint at 7.0754 per dollar, its firmest level since mid-October 2024, reflecting the central bank’s commitment to maintaining currency stability. Adding to yuan’s appreciation, several investment institutions expect the yuan to strengthen further next year, potentially pushing the currency past the psychologically significant 7-per-dollar threshold for the first time since 2023. Externally, the yuan found support from a weakening US dollar amid rising expectations of an upcoming Federal Reserve rate cut. On the economic front, a private survey showed China’s Composite PMI easing to a four-month low of 51.2 in November. The services sector slowed to a five-month low of 52.1, while the manufacturing gauge slipped to 49.9, its weakest reading in four months.
