Issue link: https://maltatoday.uberflip.com/i/1513149
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 7.12.2023 7 MARKETS International Markets Global Indices Trading Date: 13 December 2023 FTSE 100 Daily Price Chart DAX 40 Daily Price Chart LONDON stocks were still in the black by midday on Wednesday as weak UK GDP data raised expectations of a rate cut by the Bank of England, and as investors eyed the latest policy announcement from the US Federal Reserve. e FTSE 100 was up 0.3% at 7,561.60. Data released earlier by the Office for National Statistics showed that the economy unexpectedly shrank in Octo- ber, with all three sectors contracting. e economy shrank 0.3% following 0.2% growth in Sep- tember and versus expectations for a flat performance. Over the last quarter, GDP was unchanged. e data showed that services output fell by 0.2% in Oc- tober, driven by a decline in information and communi- cation, and was the main contributor to the fall in GDP growth. e sector had grown 0.2% in September. Meanwhile, production output was down 0.8%, driven by widespread declines in manufacturing, after showing no growth in September. Activity in the construction sector declined 0.5% in Oc- tober following 0.4% growth the month before. Danni Hewson, head of financial analysis at AJ Bell, said: "e FTSE 100 ticked higher as investors await the latest decision from the Federal Reserve on interest rates. "So far, the market is seeing nothing to disabuse it of the notion that rate cuts are on the way in 2024 as US inflation came in as expected yesterday and UK GDP figures show the economy is weakening faster than anticipated. "To what extent Fed chair Jerome Powell and his Bank of England counterpart Andrew Bailey seek to dampen these expectations could well determine the trajectory of stocks heading into the end of the year. "e worse-than-expected 0.3% decline in October GDP may prompt some concern given the lagged impact of in- terest rate hikes mean the full pain is not yet being felt by individuals or businesses. So far, the UK has managed to avoid recession but many more releases like today's might put its ability to keep its head above water under ques- tion." e US producer price index for November is due at 1330 GMT, while the Fed's final policy announcement of 2023 is at 1900 GMT. In equity markets, Entain shot higher as it said that chief executive officer Jette Nygaard-Andersen has resigned from her position with immediate effect. It has appoint- ed Stella David, a non-executive director, as interim CEO until a permanent replacement is selected. Jette's decision to leave came after the resolution of HM- RC's investigation into the company's legacy Turkish-fac- ing business. Stocks stay up ahead of Fed decision; UK GDP in focus