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
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Hang Seng — Hong Kong Index
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TSX Composite — Canada Index
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STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
The offshore yuan strengthened to around 6.82 per dollar on Wednesday, continuing its upward momentum for a fourth consecutive session and reaching its highest level since February 2023, primarily driven by a pressured greenback following a ceasefire announcement.
President Donald Trump revealed that the US and Iran had reached a two-week ceasefire agreement, narrowly averting what the president had previously warned could escalate into an attack with catastrophic consequences for the region. Shortly after the announcement, Iranian Foreign Minister Seyed Abbas Araghchi stated that access to the Strait of Hormuz would be possible through coordination with Iran’s Armed Forces. Domestically, investors are turning their attention to China’s upcoming inflation data, due later this week. Analysts expect a slight uptick in annual consumer prices, while producer prices are projected to see its first annual rise since September 2022.
