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 steadied around 7.06 per dollar, hovering near its strongest levels in more than a year, supported by broad weakness in the greenback. The US dollar remained under pressure after the Federal Reserve delivered a 25bps rate cut, with Chair Jerome Powell also signaling that a rate hike has been ruled out. Meanwhile, the People’s Bank of China set the daily midpoint at 7.0686 per dollar, its firmest level since October 2024 but 161 pips weaker than Reuters’ estimate. The central bank has been gradually strengthening its official guidance since late April, signaling a cautious openness to further currency appreciation. As a result, the yuan has gained 3.4% year-to-date and is on track for its strongest annual performance since 2020. Market attention is now turning to the upcoming Central Economic Work Conference, where Chinese policymakers are expected to set growth targets for next year and outline key priorities shaping China’s 2026 economic agenda.
