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 remained steady around 7.11 per dollar on Tuesday, holding firm near its highest level since early November last year, supported by a pressured US dollar, while investors weighed the PBOC’s approach to monetary policy. Analysts expect the dollar to face further downside after the Fed kicked off a fresh rate-cutting cycle last week, supporting the yuan alongside a buoyant stock market. Markets now price in nearly two more 25bps cuts this year after the Fed signaled further easing amid labor market weakness. Domestically, PBOC Governor Pan Gongsheng said on Monday that China’s monetary policy will remain data-driven and focused on supporting recovery, pledging to use a range of tools to ensure liquidity and lower funding costs. The comments came as the central bank held its key policy and lending rates steady for a fourth straight month. Meanwhile, traders also watched progress in Sino-US trade talks, with Presidents Trump and Xi set to meet in six weeks in South Korea.
