Issue link: https://maltatoday.uberflip.com/i/1494460
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 9.3.2023 7 MARKETS International Markets Global Indices Trading Date: 8 Mar 2023 Dax rebounds from early session setback ahead of earnings EUROPEAN stock markets were mixed Wednesday as in- vestors assessed the impact of the latest comments from the U.S. Federal Reserve's Chairman Jerome Powell, indi- cating interest rates may need to go higher for lower. Germany's Dax is at 15597.95, up 38.42 or +0.25%. e UK's FTSE is trading at 7912.93, down $6.55 or -0.08%, and France's CAC 40 Index is at 7330.05, down 9.22 or -0.13%. Sectors were also mixed in Europe, with chemical stocks leading losses, down 1.1%, while banks and mining stocks led modest increases with 0.5% gains, respectively. On Tuesday, Powell told U.S. lawmakers that the Fed's terminal rate would likely be higher than previously an- ticipated because of stubbornly high economic data in re- cent weeks. e major indexes in the U.S. sold off sharply following his statements. German industrial output rose more than expected in January Industrial production in Germany rose more than ex- pected in January, increasing by 3.5% from December. Reuters analysts had expected to 1.4% increase for the month. Retail sales fell unexpectedly and were down 0.3%, a big move from the 2% rise forecast by Reuters analysts. How- ever, the figure improved from December, when retail sales were down 5.3%. Manufacturing output was up 1.9% on the month, while construction output was up 12.6%. Adidas to slash dividend Adidas announced it would slash its dividend after its split with rapper Kanye West, now known as Ye, last year. e German sportswear brand warned it could be on track for its first annual loss in three decades this year af- ter ending its partnership with the Yeezy designer after he made anti-Semitic comments online. e company will now recommend a dividend of 0.70 Euros per share, down from 3.30 Euros a share in 2021. CNBC reported that Adidas tanked in February after the company announced it could lose around 1.12 billion Eu- ros ($1.3 billion) in revenue this year if it cannot sell its existing Yeezy stock. Shares of Adidas were down 2.3% late in the European session on Wednesday. Continental AG leads Dax Continental AG topped the DAX 40 index and gained around 4%. e automotive manufacturing company re- ported its Q4 and full-year earnings for 2022 today. Its sales increased by 16.7% in 2022. e company also an- nounced it expects higher numbers in 2023, driven by an overall auto market recovery.