Issue link: https://maltatoday.uberflip.com/i/1473180
Name Current Change %Change Open High Low Prev. Value Close US MARKETS NASDAQ 13,037.49 -344.03 -2.57 13511.75 13533.78 13032.17 13381.52 EUROPEAN MARKETS FTSE 7,251.31 -246.87 -3.29 7498.18 7498.18 7243.44 7498.18 CAC 6,451.79 -328.88 -4.85 6496.25 6617.09 6433.51 6780.67 DAX 13,854.52 -776.84 -5.31 13989.41 14221.71 13826.70 14631.36 ASIAN MARKETS SGX Nifty 16,141.00 -109.00 -0.67 17052.50 17115.00 15500.50 17063.00 Nikkei 225 25,970.82 -478.79 -1.81 26281.35 26357.58 25775.64 26449.61 Straits Times 3,276.06 -116.94 -3.45 3351.24 3363.17 3248.93 3393.00 Hang Seng 22,901.56 -758.72 -3.21 23268.03 23376.37 22786.39 23660.28 Taiwan Weighted 17,594.55 -461.18 -2.55 17939.53 17939.53 17561.07 18055.73 KOSPI 2,648.80 -70.73 -2.60 2689.28 2694.55 2642.63 2719.53 SET Composite 1,662.72 -33.73 -1.99 1683.92 1690.50 1656.62 1696.45 Jakarta Composite 6,817.82 -102.24 -1.48 6912.48 6929.91 6758.86 6920.06 Shanghai Composite 3,429.96 -59.19 -1.70 3474.37 3486.98 3400.21 3489.15 14.7.2022 7 MARKETS International Markets Global Indices Trading Date: 13 July 2022 German annual inflation rate drops to 7.6% in June Eurozone Industrial output growth in the eurozone was ahead of expectations in May. According to Eurostat, industrial production climbed 0.8% in May from April, ahead of FX- Street cited expectations of a 0.3% month-on-month rise. In April, output had risen 0.5% from March. On an annual basis, industrial production climbed 1.6% in May, con- trasting with April's 2.5% decline. May's growth topped market forecasts of a 0.3% rise, according to FXStreet. Germany: inflation Germany's annual inflation rate cooled in June, official figures confirmed. According to Destatis, Germany's an- nual inflation rate slowed to 7.6% in June from 7.9% in May. e annual rise in the consumer price index was in line with an earlier estimate published late last month. On a monthly basis, consumer prices rose 0.1% in June from May, also in line with the previous estimate. In May, consumer prices had surged 0.9% from April. On a har- monised basis, designed for EU-wide comparison, Ger- many's annual inflation rate cooled to 8.2% in June from 8.7% in May. Oil prices High oil prices have yet to damp demand, which is set to continue rising and may soon outstrip supply, the Interna- tional Energy Agency warned. It cautioned that the global economic recovery could be derailed unless governments take measures to reduce consumption and fuel prices that pose a threat to stability in some nations. e IEA now expects oil demand to rise this year to 99.2 million barrels per day and to 101.3 million next year. Meanwhile, supply climbs to 100.1 million barrels per day this year. But even if it hits an expected record of 101.1 million next year, it will fall below demand. e IEA noted that the world has little spare capacity to increase production, with the com- bined buffer of Saudi Arabia and the United Arab Emir- ates set to fall to just 2.2 million barrels per day in August. OPEC OPEC also expects conditions on the oil market to re- main tight into the coming year, with demand rising faster than supply, according to a report from the cartel's re- search department released in Vienna. Growth in demand would exceed growth in supply by a million barrels, OPEC said in its initial report on the oil market for 2023. At the end of July, OPEC+, which includes non-OPEC produc- ers, significantly Russia, announced an increase in out- put by 648,000 barrels per day. Following a rapid rise in oil prices in response to the Russian invasion of Ukraine, OPEC+ came under pressure to increase output. But an- alysts believe that certain members of the cartel are not meeting the targets set.