BusinessToday Previous Editions

BUSINESS TODAY 16 February 2023

Issue link: https://maltatoday.uberflip.com/i/1492790

Contents of this Issue

Navigation

Page 6 of 11

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 16.2.2023 7 MARKETS International Markets Global Indices Trading Date: 15 Feb 2023 US pre-open: Futures in the red as investors await retail sales figures WALL Street futures were in the red ahead of the bell on Wednesday as market participants continued to di- gest yesterday's CPI reading and looked ahead to retail sales numbers later in the session. As of 12.40pm, Dow Jones futures were down 0.12%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.19% and 0.17% lower, respectively. The Dow closed 156.66 points lower on Tuesday fol- lowing the hotter-than-expected print in January's consumer price index, the Federal Reserve's preferred inflation gauge. Wednesday's primary focus will be on last month's re- tail sales data, scheduled for release at 1.30pm. Econo- mists expect to see retail sales increase 1.8% in January - bouncing back from the prior month's 1.1% decline. CMC Markets' Michael Hewson said: "After yester- day's US CPI report all eyes will shift towards the Jan- uary retail sales report for evidence that the US con- sumer is feeling the effects of higher prices and weaker demand. If anything, today's report is unlikely to con- firm the narrative of a US consumer feeling that pres- sure. This is because, having finished November and December on the back foot, the milder weather that we saw in January which helped drive the jobs boom, as well as stickier inflation is likely to have prompted a surge in consumer spending if recent credit card data is any guide. "This consumer resilience will only harden the resolve of the Federal Reserve to continue hiking, with expec- tations that January retail sales will see a sharp rebound of 2%, reversing the combined losses we saw from No- vember and December." Elsewhere on the macro front, US mortgage applica- tions fell 7.7% in the week ended 10 February, according to the Mortgage Bankers Association, erasing a 7.4% in- crease recorded in the previous week. Applications to purchase a home slipped 5.5% and applications to refi- nance a property sunk 12.5% week-on-week.

Articles in this issue

Archives of this issue

view archives of BusinessToday Previous Editions - BUSINESS TODAY 16 February 2023