Issue link: https://maltatoday.uberflip.com/i/1479650
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 22.9.2022 7 MARKETS International Markets Global Indices Trading Date: 21 Sep 2022 Pound / Euro exchange rate rises gently THE Pound Euro (GBP/EUR) exchange rate rose slight- ly on Tuesday morning as Pound (GBP) investors were hopeful that the Bank of England (BoE) would raise inter- est rates by 50bps this week. Meanwhile, the Euro (EUR) also enjoyed tailwinds on central bank optimism. e Pound traded in a mixed range against its peers on Tuesday, following the bank holiday weekend in honour of Queen Elizabeth's funeral. A lack of significant data limited Sterling gains, but nonetheless GBP was able to climb modestly against sev- eral peers, on hopes that the BoE would raise interest rates by at least 50bps this week. While UK headline inflation fell below expectations last week, core inflation continued to trend up in line with forecasts. e data maintains pressure upon the UK's cen- tral bank to keep tightening monetary policy as cost-of- living pressures persist. Given recent events concerning the late Queen, political goings-on have been largely overlooked, but criticism of the Truss government has begun afresh today as Labour party representatives question who will pay for Truss's proposed energy price cut. Pat McFadden, the shadow chief secretary to the Treas- ury, compared Labour's initiative to fund the price freeze with a windfall tax with the Conservatives' plan to borrow. McFadden expressed concern that under Tory propos- als, 'working people will be left paying the bill for years to come.' He continued to posture: 'the fundamental ques- tion which remains unanswered on this is who pays, and what do you get for it?' Political headwinds may have dampened Sterling senti- ment somewhat, stirring up fears of future taxation, while new analysis by the Institute for Fiscal Studies (IFS) high- lighted once again the discrepancy between support for the vulnerable versus the wealthy. Research released on Monday revealed that a proposed reversal of the increase in National Insurance Tax, ex- pected to be confirmed on Friday by the Chancellor's mini budget, would save about £20 a month for those in house- holds with an income of £31,400, while households with an income of £55,000 would save around £38 more.