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 hovered around 6.98 per dollar, trading near a thirty-two-month high, as seasonal demand persisted while the central bank maintained a measured guidance. Year-end foreign exchange settlements remained robust, as exporters continued to convert overseas receipts to meet domestic payment needs, including bonuses ahead of the Lunar New Year in mid-February, China’s biggest annual holiday. Meanwhile, since May, the PBOC has guided a steady yuan appreciation, raising the midpoint more cautiously than markets expected. This aims to maintain stability, prevent disorderly dollar sales, and avoid sharp swings. Authorities seek to curb “overshooting,” but the currency is expected to keep rising, supported by a recovering economy and foreign capital inflows. President Xi Jinping stated that the economy is on track to achieve its 2025 GDP growth of 5%. Reports also showed that the country’s current account developments suggest there’s more room for the yuan’s strengthening trend.
