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 MarketChina’s 10-year government bond yield jumped to around 1.83%, rebounding from a more than one-month low in the previous session, as increased issuance of longer-maturity bonds put pressure on the country’s debt markets. Chinese bonds maturing in over 10 years now account for roughly 31% of central and local government debt, the highest in a decade and significantly elevated compared with 11.6% in 2018. However, demand is being curbed by strong equity markets, anti-deflation efforts, and improving US-China trade ties. Meanwhile, market focus turns to weekend’s one-year and five-year loan prime rate decisions, after PBOC Deputy Governor Xuan Changneng reaffirmed the central bank’s commitment to a moderately loose monetary policy to support stable economic growth and a well-functioning financial market. The spotlight also turns to the 19th session of the Standing Committee of the 14th National People’s Congress in Beijing, which will run from December 22 to 27.
