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 New Zealand dollar slipped to $0.579 but stayed close to a two-month high, amid expectations that the Reserve Bank of New Zealand’s easing cycle may be over. While the central bank cut its cash rate by 25bps last month, its updated projections suggested limited scope for further easing, implying only about a 20% probability of another cut next year as inflation pressures cool and the economic outlook improves. Meanwhile, RBNZ Governor Anna Breman on Wednesday emphasized a continued focus on data dependency and policy flexibility as economic conditions evolve. Currently, markets anticipate that the central bank’s next move will be a rate hike, though not until late 2026. The kiwi also received additional support from a weaker US dollar after the Federal Reserve lowered interest rates by 25bps and presented a less hawkish outlook than some had expected.
