Issue link: https://maltatoday.uberflip.com/i/1500456
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 1.6.2023 7 MARKETS International Markets Global Indices Trading Date: 31 May 2023 FTSE 100 little changed, oil prices slide THE outlook for eurozone financial stability remains frag- ile, the European Central Bank reported in its May Finan- cial Stability Review on Wednesday. In its six-monthly report, the ECB referred to "weak macro-financial conditions and unexpected stress in the banking sectors of some mature economies." It highlighted the recent failures of three US regional banks and the takeover of Switzerland's Credit Suisse Group AG (NYSE:CS) by its competitor UBS Group AG (NYSE:UBS) in a deal backed by the Swiss government. These events had "invited closer scrutiny of bank ex- posure to long-term fixed income securities, the stabil- ity of wholesale uninsured deposit funding and latent business model challenges," the ECB said. They had also "prompted more general concerns about bank resilience in an environment of higher in- terest rates," it said. But it added that the tensions were short-lived, as eu- rozone bank fundamentals remained solid, and prompt regulatory intervention had contained spill-overs from other economie Oil price falls after Chinese data, ahead of Opec+ meeting e oil price remains under pressure hit by concerns about the strength of the global economy and ahead of a key meeting on Sunday with mixed messages coming from two of the group's leading players. e price of Brent was down a further 2.2% today to $72.11 while West Texas Intermediate declined 2.3% to $67.91. e 13 members of Opec and 10 other oil-producing countries, known as Opec+, will meet on Sunday in Vien- na to decide on production policy. e oil cartel in April decided to cut production from this month to the end of this year in a bid to bolster oil prices. Last week, Saudi Arabian Energy Minister Prince Abdu- laziz bin Salman, the de-facto leader of OPEC, seemed to suggest a further cut could be on the way. He told Bloomberg: "Speculators, like in any market they are there to stay, I keep advising them that they will be ouching, they did ouch in April, I don't have to show my cards I'm not a poker player ... but I would just tell them watch out." But Russian deputy Prime Minister Alexander Novak said he expected no new steps from OPEC+ in Vienna, according to Russian media reports. "ere is no secret that Saudi Arabia wants oil prices as high as possible. However, will a June intervention make any difference to the likely downward trajectory of oil prices in the next few months, just as happened after the surprise April output cut?" Stephen Innes of SPI Asset Management said. "Russian oil is the biggest wild card in the oil market," Innes said. London's blue-chips are edging back towards parity