Issue link: https://maltatoday.uberflip.com/i/1515592
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 8.2.2024 7 MARKETS International Markets Global Indices Trading Date: 7 February 2024 FTSE 100 Daily Price Chart DAX 40 Daily Price Chart BRAZIL'S state oil firm Petrobras plans more than $100 billion in investments this decade to boost offshore oil production as it looks to be one of the last oil producers standing when oil demand starts to drop, CEO Jean Paul Prates has told the Financial Times. "We need to keep the core [business] very safe . . . We are not doing [a] crazy transition," the company's top execu- tive told FT, commenting on the recently announced stra- tegic plan through 2028. Petrobras needs new oil exploration and production frontiers open as it wants "to be able to be there at the very end of the fade-out of oil," said Prates, who became CEO at the Brazilian state energy firm a year ago under leftwing Brazilian President Luiz Inácio Lula da Silva. As much as $73 billion out of the $102 billion total capex planned from 2024 to 2028 is set to go to exploration and production, according to Petrobras's presentation to in- vestors last week. After spending a decade on selling off many assets out- side Brazil, Petrobras is now shifting its strategy to port- folio diversification, keeping the focus on the most profit- able assets, the company said. Reserves replacement, new frontiers, and increased gas supply are all pillars of the new exploration and production strategy. Petrobras is now re-evaluating its portfolio in search of synergies and economic diversification and is looking at new frontiers in exploration, especially in the Equatorial Margin offshore Brazil, Prates said in the investor pres- entation. Last autumn, Prates said that Petrobras expects to begin in 2024 offshore exploration drilling close to the mouth of the Amazon River in the so-called Equatorial Margin offshore Brazil. e Brazilian firm currently doesn't have permission from regulators to drill for oil and gas in the environmen- tally sensitive area. Petrobras has appealed the decision of the Brazilian en- vironmental protection agency, which last year refused to grant approval for the project. Petrobras to invest $100b in offshore oil Production