Issue link: https://maltatoday.uberflip.com/i/1514625
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 18.01.2024 7 MARKETS International Markets Global Indices Trading Date: 17 January 2024 FTSE 100 Daily Price Chart DAX 40 Daily Price Chart EUROPEAN Central Bank president Christine Lagarde said the central bank is likely to cut interest rates this summer, which would be the first cut since 2016 for the institution. During an interview with Bloomberg during the World Economic Forum in Davos on Wednesday, Lagarde said it is likely that the majority of the governing council policy- makers would be supportive of such a move, but argued she "needs to be reserved". "We are also saying that we are data dependent, and that there is still a level of uncertainty and some indicators that are not anchored at the level where we would like to see them," she said. "You have talked to some of them, they have spoken recently, and each of them has their view, which I re- spect completely. "We generally coalesce towards the decisions that we make on the basis of data. Some of them have their local domestic data, they have their respective inflation rates, which are dif- ferent from one country to the other." Markets had fully priced in six reductions at the end of last week, with the first move coming as soon as April. Lagarde said that such high anticipation is not helping the central bank's fight against inflation. e president suggested that short of a "major shock", it was likely interest rates have reached a peak, but warned that pol- icy will have to remain restrictive "for as long as necessary" to ensure inflation remains below 2% in the medium term. She said: "We are on the right path, we are directionally to- wards the 2%, but unless and until we are confident that it is sustainably at 2% in the medium term and we have the data to support it, I am not going to shout victory. Not yet." Christine Lagarde: European Central Bank likely to cut rates this summer Christine Lagarde Markets had fully priced in six ECB reductions at the end of last week, with the first move coming as soon as April