Issue link: https://maltatoday.uberflip.com/i/1515985
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 15.2.2024 7 MARKETS International Markets Global Indices Trading Date: 14 February 2024 FTSE 100 Daily Price Chart DAX 40 Daily Price Chart EURO zone inflation appears to be heading back to 2% but the European Central Bank needs "some time" and more data before it can be comfortable that record-high interest rates have done their job, ECB vice-president Luis de Guindos said on Wednesday. Interest rates have been at a record high since Septem- ber and policymakers have been pushing back on rate cut talk, insisting that even if the next move is policy easing, it is further into the future than investors think. Investors are now expecting 113 basis points of cuts this year, down from 150 basis points earlier, with the first move now seen either in April or June. "While we are heading in the right direction, we must not get ahead of ourselves," de Guindos told a conference in Split, Croatia. "It will take some more time before we have the necessary information to confirm that inflation is sustainably returning to our 2% target," he added. De Guindos argued that wage pressures remain high and the ECB did not yet have sufficient data to suggest that they are easing, a potential upside risk for prices. Profit margins could also prove more resilient than an- ticipated while tensions in the Middle East risked pushing up energy costs and disrupting global trade. Still, de Guindos argued that disinflation was continu- ing, possibly helped by slugging growth, which was un- likely to improve in the near term. e ECB's past rate hikes are also still working their way through the economy and they will continue to dampen demand for some time. But projections have been prone to errors and uncer- tainty remained large, so the ECB needed to look at fore- casts alongside incoming data over the coming months, de Guindos added. ECB needs 'some time' before cutting rates Euro zone interest rates have been at a record high since September and ECB policymakers have been pushing back on rate cut talk