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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 17.11.2022 7 MARKETS International Markets Global Indices Trading Date: 16 Nov 2022 UK inflation jumps to 41-year high of 11.1% due to surging energy bills THE UK's Office for National Statistics (ONS) revealed that inflation jumped to a higher-than-expected 11.1% in October – the highest rate since October 1981 and up from 10.1% in September – as gas and electricity costs rocketed, despite Government support limiting the rise in bills. Most economists had been expecting a rise to 10.7%. The ONS said gas prices have leaped nearly 130% higher over the past year, while electricity has risen by around 66%. Families were also hit by rising costs across a range of food items, which also pushed up the cost of living to eye watering levels. The jump in inflation – the biggest leap since March to April when Ofgem's energy price cap was last changed – comes despite the Government energy support, which has sought to limit annual household gas and electricity bills at around £2,500 a year. Chancellor Jeremy Hunt blamed the impact of the pandemic and Vladimir Putin's war in Ukraine for the spike in prices as he warned that "tough" decisions on tax and spending would be needed in today's autumn statement. "The aftershock of Covid and Putin's invasion of Ukraine is driving up inflation in the UK and around the world," he said. "This insidious tax is eating into pay cheques, house- hold budgets and savings, while thwarting any chance of long-term economic growth. "It is our duty to help the Bank of England in their mission to return inflation to target by acting respon- sibly with the nation's finances. That requires some tough but necessary decisions on tax and spending to help balance the books." Other new figures from the ONS confirmed fears that the cost-of-living crisis is being felt more acutely by low income households, with latest analysis showing that those families suffered annual inflation of 11.9% last month, while the rate stood at 10.5% for high income households. "Rising energy and food costs have more bearing on the inflation rate experienced by low-income house- holds, as a greater proportion of their expenditure is spent on them compared with high-income house- holds," the ONS said. The data showed the rate of inflation across food and non-alcoholic drinks hit 16.4% in October – the highest since September 1977. Retailers are facing one of their toughest festive seasons ever as inflation and living costs curb growth