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 traded around 7.07 per USD, near its highest level since early October last year, as a broadly softer US dollar offset weak factory activity data in China. The softer greenback continued to support the currency, with investors looking ahead to a crucial month that could bring the Fed’s final rate cut of the year and the confirmation of a dovish successor to Chair Jerome Powell. Domestically, a private survey showed China’s factory activity slipping back into contraction in November, reflecting continued weakness in domestic demand. This followed official data released on Sunday showing another month of subdued manufacturing and a cooling services sector. Market participants now closely watched the yuan’s daily official fixings for hints on the PBOC’s stance as signs emerged that the central bank is aiming to temper its recent gains. Traders are also focused on next month’s Central Economic Work Conference for potential signals on the policy agenda for next year.
