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China's yuan is projected to weaken to record lows as U.S. tariff threats escalate, with major investment banks forecasting an average of 7.51 per dollar by the end of 2025. The yuan's depreciation poses challenges for Chinese authorities, who aim to stabilize the currency while reviving the economy. The People's Bank of China is expected to implement measures to prevent excessive declines, balancing currency control with economic growth.
U.S. Treasury yields fell as investors reacted positively to President-elect Trump's Treasury secretary pick, Scott Bessent, calming concerns about the economy. Bessent's nomination has led to lower bond yields, higher equity indices, and a weaker dollar, with markets now focused on upcoming inflation data ahead of Thanksgiving. Key economic indicators, including the PCE price index, are anticipated to provide insights into the Federal Reserve's policy direction.
IG"s Turbo24s offer a unique trading experience, allowing 24-hour access from Monday to Friday, unlike traditional turbo certificates. These products enable speculation on various assets with predetermined knock-out levels, ensuring contained risks. With zero commissions for trades over €300 and flexible leverage potentially exceeding 100X, Turbo24s stand out in the market, supported by IG"s robust trading platform.
Societe Generale sold a 0.11% stake in Ramkrishna Forgings, while Think India Opportunities Master Fund LP purchased the same amount at Rs 922.8 per share. In another transaction, BNP Paribas acquired 0.05% of PNB Housing Finance, matching Goldman Sachs' sale of the same percentage at Rs 914.75 per share. ISENGARD Direct PE LLC offloaded 1.85% of Nectar Lifesciences at Rs 34.02 per share.

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