Issue link: https://maltatoday.uberflip.com/i/1492169
Name Current Change %Change Open High Low Prev. Value Close US MARKETS DOW JONES 33,852.53 3.07 0.01 33847.80 33933.91 33662.45 33849.46 NASDAQ 10,983.78 -65.72 -0.59 11060.02 11086.02 10944.37 11049.50 EUROPEAN MARKETS FTSE 7,584.03 72.03 0.96 7512.00 7584.53 7512.00 7512.00 CAC 6,722.47 53.50 0.80 6706.67 6734.86 6678.75 6668.97 DAX 14,392.64 37.19 0.26 14429.22 14487.70 14363.32 14355.45 ASIAN MARKETS SGX Nifty 18,894.00 -22.50 -0.12 18916.50 18926.50 18892.00 18916.50 NIKKEI 225 27,968.99 -58.85 -0.21 27886.67 27972.89 27802.71 28027.84 STRAITS TIMES 3,290.49 14.13 0.43 3279.86 3290.56 3270.03 3276.36 HANG SENG 18,597.23 392.55 2.16 18141.56 18645.35 18052.32 18204.68 TAIWAN WEIGHTED 14,879.55 169.91 1.16 14678.23 14879.55 14678.23 14709.64 KOSPI 2,472.53 39.14 1.61 2424.44 2472.53 2421.42 2433.39 SET COMPOSITE 1,635.36 10.97 0.68 1626.14 1636.08 1622.24 1624.39 JAKARTA COMPOSITE 7,081.31 69.24 0.99 7012.11 7081.31 6993.70 7012.07 SHANGHAI COMPOSITE 3,151.34 1.59 0.05 3141.40 3158.57 3137.37 3149.75 9.2.2023 7 MARKETS International Markets Global Indices Trading Date: 8 Feb 2023 Sterling bounces from one-month low after comment from Fed's Powell STERLING rose on Monday from a one-month low against the dollar after Federal Reserve Chair Jerome Powell declined to meaningfully harden his tone on in- flation, renewing bets of less-aggressive U.S. monetary tightening. Despite last week's very strong U.S. employment num- bers, in a question-and-answer session before the Eco- nomic Club of Washington on Tuesday, Powell reiterated he felt a process of "disinflation" was underway. "e stronger pound this morning is largely a spillover from the improved risk environment overnight, which was driven by Chair Powell's more conservative stance on rates in light of Friday's payrolls report," said Simon Har- vey, head of FX Analysis at Monex Europe. Harvey added that the magnitude of the pound's rally was largely due to its underperformance on Tuesday, "so there is a bit of a catch up effect taking place". Sterling was up 0.34% to $1.2091 against the dollar after hitting its lowest level since Jan. 6 on Tuesday of $1.1961. It rose to a six-day high against the euro, up 0.16% to 88.89 pence, after falling last week to a four-month low versus the single currency. Traders will be waiting for economic growth numbers due on Friday for clues on what the Bank of England's (BoE) next move will be. e central bank last week raised borrowing costs for the 10th time to 4%, but hinted it was close to ending its run of rate hikes. Money markets are currently pricing in a peak in BoE interest rates of 4.25% by the summer amid signs inflation is easing. [IRPR] Britain's labour market showed some signs of cooling in January with starting pay for people hired for perma- nent roles growing at its slowest pace in almost two years, according to a survey of recruitment firms published on Wednesday. BoE Governor Andrew Bailey, who will speak on urs- day to lawmakers about the central bank's decision to raise rates to a 14-year high, said last week that labour market data would be key for understanding how quickly inflation falls.