Market Overview - The US stock market showed slight gains with the Dow Jones up 0.22% to 47,954.99 points, the S&P 500 up 0.19% to 6,870.4 points, and the Nasdaq up 0.31% to 23,578.13 points [9][10] - European markets had mixed results, with the German DAX index rising 0.73% to 24,056.06 points, while the French CAC40 and UK FTSE 100 indices fell by 0.09% and 0.45% respectively [9][10] - In the Asia-Pacific region, the Hang Seng Index increased by 0.58% to 26,085.08 points, while the Nikkei 225 index decreased by 1.05% to 50,491.87 points [9][10] Economic Indicators - The US GDP growth rate is projected to reach 3% for the year, with expectations of a significant decline in inflation next year [8][10] - China's foreign exchange reserves stood at $33,464 billion as of the end of November, marking a $30 billion increase from October [11] - The total number of credit cards and combined loan cards issued in China reached 707 million, reflecting a decrease of 8 million from the previous quarter and a decline of approximately 100 million from the historical peak in 2022 [13] Company News - Baidu Group saw a nearly 6% increase in stock price, while Qifu Technology and Wanguo Data also experienced gains of over 4% [14] - Yum China announced a planned acquisition of a 51% stake in Hefei Zhongke Shengu Technology Development Co., with a tentative purchase price of 100 million yuan [14] - A-share announcements included a final issuance rate of 0.03348913% for Muxi Co., and a licensing agreement between Aowei New Materials and its affiliate Zhiyuan Innovation for 26 million yuan [14]

Pakistan’s rupee recorded its longest daily streak of gains since April last year after the central bank said it will slow buying of dollars to build its foreign exchange reserves https://t.co/bjVVOnBfLq ...

Market Trends & Analysis - The dollar index has been in a bear market since peaking on January 1st at 110 and February 3rd at 10975, characterized by a series of lower highs and lower lows [2] - Technically, the dollar index needs to surpass 9936 to establish a neutral trend, with potential resistance around 100 [2] - Political uncertainty, tariff headlines, and speculation of US authorities favoring a weaker currency are fueling a rotation away from the dollar [3] Currency Composition & Reserve Rotation - The dollar's composition in foreign exchange reserves has decreased from approximately 71% in 2001 to about 57% in 2025 [4][5] - Central banks are rotating out of the dollar due to concerns about the unsustainable US fiscal trajectory, despite low default risk [5] - Central banks are diversifying their reserves by adding gold and other asset classes [6] Impact Factors & Future Outlook - The Federal Reserve's uncertainty regarding spending measures and geopolitical factors necessitates holding higher rates for longer [7] - Uncertainty surrounding the "big beautiful bill," Middle East conflict, and tariffs are holding back the dollar's rally [7] - Clarity on these issues is needed for the dollar index to potentially resume its rally [7]