Issue link: https://maltatoday.uberflip.com/i/1498955
SYMBOL LAST CHANGE % HIGH LOW DOW JONES – US 33,561.80 -56.88 -0.17% 33,656.40 33,509.70 NASDAQ – US 12,179.50 +0.00 +0.00% 12,216.10 12,174.10 S&P 500 – US 4,119.17 -18.95 -0.46% 4,130.35 4,116.65 RUSSELL 2000 – US 1,749.68 -4.79 -0.27% 1,756.09 1,737.70 S&P TSX – CANADA 20,585.70 +0.58 +0.00% 20,599.00 20,455.50 IPC – MEXICO 55,452.70 +419.61 +0.76% 55,497.80 54,899.40 FTSE – UK 7,750.80 -13.29 -0.17% 7,778.98 7,750.37 CAC 40 – FRANCE 7,373.77 -23.40 -0.32% 7,416.32 7,373.20 DAX 40 – GERMANY 15,886.20 -69.32 -0.43% 15,980.80 15,884.00 FTSE MIB – ITALY 27,325.70 -57.80 -0.21% 27,476.40 27,324.70 MICEX – RUSSIA 2,524.31 -3.28 -0.13% 2,535.03 2,483.79 NIKKEI 225 – JAPAN 29,122.20 -120.64 -0.41% 29,195.20 29,070.10 SHANGHAI COMPOSITE – CHINA 3,319.15 -38.52 -1.15% 3,349.72 3,305.25 HANG SENG – HONG KONG 19,776.90 -90.64 -0.46% 19,880.00 19,696.60 NIFTY 50 – INDIA 18,249.10 -16.90 -0.09% 18,323.20 18,211.90 KOSPI – KOREA 2,496.51 -13.55 -0.54% 2,510.13 2,488.42 11.5.2023 7 MARKETS International Markets Global Indices Trading Date: 10 May 2023 All eyes on US inflation data to understand Federal Reserve's rate hike path US stocks steadied as cau- tious investors assessed the latest earnings and awaited inflation data to better un- derstand the path of Feder- al Reserve rate hikes. While contracts for the S&P 500 and the Nasdaq 100 were little changed, Airbnb Inc. slid 13% in pre- market trading after the va- cation home-rental compa- ny gave a cautious forecast for revenue in the second quarter. Rivian Automotive Inc. rose as the electric-vehicle maker reported a small- er-than-expected loss and reaffirmed production plans. Personal care and media shares were the biggest drag as European stocks edged lower, outweighing positive earnings news from some companies. Credit Agri- cole SA rallied following a record first-quarter for the French firm's investment bank. Vestas Wind Systems A/S gained after the Dan- ish wind turbine maker re- turned to profit. Wednesday's US infla- tion figures were top of mind for investors, with US stocks tipped to rally if the reading is soft enough to lay the ground for a halt to Fed tightening, teams at Goldman Sachs Group Inc. and JPMorgan Chase & Co. said. e report is expected to show headline CPI rose by 5% in April on a year- on-year basis, still well above the 2% level targeted by the Federal Reserve. "An acceleration of price pressure could suggest the Fed hasn't gone far enough with its rate hike cycle, denting appetite for risk from investors who would likely look for safety if that happens," said Pierre Vey- ret, a technical analyst at ActivTrades. Policy-sensitive two-year Treasury yields edged up to 4.04% while rates on the 10-year tenor ticked slight- ly lower to 3.50%. An index of dollar strength crept higher. AST bondholders agree to early redemption of unsecured bonds BONDHOLDERS of AST Group's €2 million 5.5% bond issue that matures in 2028 have approved the early redemption of bonds. e unsecured bond had been admitted to listing and trading on the Malta Stock Exchange in 2017. A bondholders' meeting was held yesterday, the company said in an an- nouncement to the mar- ket. e required majority to redeem the bonds early was achieved. Additionally, maturing bondholders will be grant- ed preference for the sub- scription to the new bonds that AST will be issuing shortly. e company obtained regulatory approval for the issue of €8.5 million 6.25% secured bonds redeema- ble in 2033, to be issued at par with a nominal value of €100 per bond. e new bonds will also be listed on the Malta Stock Exchange. Maturing bondholders are invited to reach out to the authorised intermedi- aries participat-ing in the intermediaries' offer for the subscription of the new bonds. Full details of the new bonds issue are included in the prospectus which is available on the company's website (www.astgroupplc.com).