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 weakened to around 7.03 per dollar, retreating from an over one-year high hit in the previous session, dragged down by a weaker-than-expected daily fixing. The People’s Bank of China set the midpoint rate at 7.0550 per dollar, 172 pips weaker than Reuters’ estimate. These soft fixings have persisted since late November, highlighting the central bank’s efforts to rein in an overly rapid appreciation of the currency. Meanwhile, investors are bracing for the upcoming one-year and five-year loan prime rate decisions expected over the weekend, which may help gauge overall economic conditions. Attention is also on the Standing Committee of the 14th National People’s Congress, which is scheduled to convene its 19th session in Beijing from December 22 to 27. Despite Friday’s modest losses, the yuan remains on track to post a fourth consecutive weekly gain, marking its longest winning streak since June.
