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 MarketSteel rebar futures jumped above CNY 3,130 per tonne, reaching the highest level since late August, supported by expectations that top consumer China will roll out fresh policy measures to bolster economic growth. The People’s Bank of China said it plans to lower the reserve requirement ratio and cut key policy rates this year to ensure ample liquidity and maintain an accommodative monetary stance, underpinning the demand outlook. Markets are also hopeful that Beijing will introduce additional measures to support the struggling property sector. Meanwhile, Chinese steelmakers continue to benefit from solid steel margins, low raw material inventories, and a rebound in hot metal production. Elsewhere, a private survey showed that business activity in China remained in expansion territory for a seventh straight month in December, driven by stronger services activity and a renewed pickup in factory output.
