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 Mexican peso weakened past 17.4 per US dollar, giving back part of its strong monthly gains that drove it to mid-2024 highs as a firmer US dollar and shifting rate expectations eroded support for carry trades. The reversal was driven by a rebound in the greenback after the nomination of Kevin Warsh as the next Fed chair eased concerns over policy credibility and lifted US yields, increasing the opportunity cost of holding peso positions. Domestically, the pullback was reinforced by evidence that Mexico’s growth momentum remains modest despite a Q4 rebound, cementing expectations that Banco de México will maintain a cautious easing path after cutting the policy rate to 7% in December, gradually narrowing the real yield differential that had underpinned the “superpeso.” Heavy profit-taking after January’s sharp appreciation further amplified the move.
