Issue link: https://maltatoday.uberflip.com/i/1482153
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 20.10.2022 7 MARKETS International Markets Global Indices Trading Date: 19 Oct 2022 Pound Euro (GBP/ EUR) exchange rate wavers with UK inflation above expectations THE Pound (GBP) saw mixed trade against the Euro (EUR) on Wednesday, as UK inflation data came in above expectations. This saw the GBP/EUR exchange rate trading at around €1.1486, showing little movement from Tues- day's opening rats. The YoY inflation rate rose from 9.9% to 10.1%, going back to the highs seen in July 2022. This forecast-beat- ing result came as a consequence of ever-increasing en- ergy and food prices in the UK. As such, the news weighed on the Pound in Wednes- day's session as it demonstrated just how difficult con- ditions are for the average person as the UK's cost-of- living crisis continues. While investors would normally welcome such an in- crease in inflation as they usually predicate further in- terest rate hikes from central banks, investors are more preoccupied with how the rise reflects upon the cur- rent political turbulence in the UK. The key point of contention is the Government's lack of commitment to the triple lock pension plan, which in conjunction with rising inflation. Due to this, sup- port for Prime Minister Liz Truss dropped further, and has placed a heavy strain on GBP during Wednesday's session. Euro (EUR) Muted by Sour Market Mood Wednesday saw the Euro (EUR) lack direction, with the single currency experiencing mixed trade during the session. The chief catalyst of this mixed trade came from EUR's negative-correlation with the US Dollar (USD), which clipped the currency's potential gains. The US Dollar saw a boost due to the risk-off market mood. As such, the Euro was unable to make gains against weakening currencies such as the Pound. Pressure also came with the downward revision of the bloc's YoY inflation rate for September. Inflation was revised down from 10% to 9.9%, and while a modest dip, could have prevented investors from expecting higher rate hikes from the European Central Bank (ECB). The Euro was further muted by continuing develop- ments in the Ukraine-Russia conflict. The Russian com- mander of the Russian troops in Ukraine signalled that civilians were being evacuated from Kherson, ahead of an expected attack from Ukrainian troops.