Small- and mid-caps outperformed last week [Video]

This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.

Winning week for markets Major U.S. indexes rose on Friday to end the week in the green, despite mega-cap stocks Nvidia and Alphabet dropping. Asia-Pacific markets mostly rose on Monday. Mainland China’s CSI 300 and Hong Kong’s Hang Seng index were the exceptions, with the former falling around 0.7%.

Trump nominates Treasury secretary U.S. President-elect Donald Trump intends to nominate Scott Bessent, founder of the hedge fund Key Square Group, as his Treasury secretary. Like Trump, Bessent is in favor of gradual tariffs and deregulation to support domestic business and address trade imbalances. Bessent was chosen over former Fed Governor Kevin Warsh and private equity executive Marc Rowan.

China’s central bank maintains loan …

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